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Listing Details

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School Ratings & Info

Description

We are proud to present an opportunity to acquire a Lot Opportunity Zone 33-unit development site Located in the South Los Angeles submarket of Unincorporated Los Angeles. The county of Los Angeles planning department has verified that 33 units (9 base, 24 bonus) is the maximum number of units for this site. The potential development site is a large open lot with access off S. Vermont Ave and through the alleyway at the rear of the lot. The property is situated on a 7,854 square foot lot zone LCC3YY. The subject property is located next to a convenience store, church, and an auto bodyshop, which an astute investor may be able to acquire the adjacent lots in the future. The South Los Angeles Community Plan is an area of 15.5 square miles.Adjacent communities include West Adams, Baldwin Hills, and Leimert Park. Land prices in the South Los Angeles remain affordable. With the advent of generous density bonuses, transit incentives and opportunities to develop affordable and mixed-use housing, values have begun to rise as developers look for greater opportunities in and around Los Angeles. The property is situated just west of the 110 freeway and north of the 105 freeway, providing easy access to anywhere in the Los Angeles Metropolitan area. The development presents a unique opportunity to acquire a well-positioned property located in the emerging South Los Angeles submarket of Unincorporated Los Angeles while taking advantage of the opportunity zone incentives.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cesi Pagano & Associates - Keller Williams Real Estate. Licensed in the State of California, USA.
www.cesipaganoteam.com/homes/115981776
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9325 S. Vermont Avenue Los Angeles (City), CA 90044

  • Price: $750,000
  • Status: Active
  • ID#: SR21074764
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Beds
0
Baths
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½ Baths
0.18
Acres
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
We are proud to present an opportunity to acquire a Lot Opportunity Zone 33-unit development site Located in the South Los Angeles submarket of Unincorporated Los Angeles. The county of Los Angeles planning department has verified that 33 units (9 base, 24 bonus) is the maximum number of units for this site. The potential development site is a large open lot with access off S. Vermont Ave and through the alleyway at the rear of the lot. The property is situated on a 7,854 square foot lot zone LCC3YY. The subject property is located next to a convenience store, church, and an auto bodyshop, which an astute investor may be able to acquire the adjacent lots in the future. The South Los Angeles Community Plan is an area of 15.5 square miles.Adjacent communities include West Adams, Baldwin Hills, and Leimert Park. Land prices in the South Los Angeles remain affordable. With the advent of generous density bonuses, transit incentives and opportunities to develop affordable and mixed-use housing, values have begun to rise as developers look for greater opportunities in and around Los Angeles. The property is situated just west of the 110 freeway and north of the 105 freeway, providing easy access to anywhere in the Los Angeles Metropolitan area. The development presents a unique opportunity to acquire a well-positioned property located in the emerging South Los Angeles submarket of Unincorporated Los Angeles while taking advantage of the opportunity zone incentives.
Exterior Features

Lot Features Near Public TransitRectangular LotWalkstreet View Neighborhood View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest Planned Development Community Features BikingCurbsSidewalks Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash To Existing LoanCash To New LoanConventionalContract New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lcc3yy

Listing provided courtesy of Raymond Rodriguez of Keller Williams Realty Calabasas


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-18T00:28:33.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Cesi Pagano & Associates - Keller Williams Real Estate. Licensed in the State of California, USA.
 
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Cesi Pagano & Associates - Keller Williams Real Estate
27941 La Paz Road, Suite C
Laguna Niguel CA, 92677