Vacant Lot for Sale in Los Angeles A Rare Gem with Multi-Residential Potential! Discover an unparalleled opportunity in the heart of Los Angeles! This prime vacant lot offers the potential to build multi-residential units, making it an exceptional find in a city where vacant land is increasingly scarce. The lot is zoned R-3, an easily accessible corner lot ,and its also TOC TIER 1 Eligible for higher density building incentives. Current renter utilizes lot for car storage. Tenant can vacate or new owner can receive rental income while permits and building entitlements are approved. Situated in a sought-after area, this lot is perfect for developers or investors looking to maximize their ROI in a thriving real estate market. With zoning that supports multi-residential construction, you can bring your vision to life, creating housing that aligns with the city's growing demand for quality living spaces.
Total Floor Area:
2,559 sq. ft.238 m2
Lot Size:
2,557 sq. ft.238 m2
Lot Size:
1-3,999 SF
County:
LOS ANGELES
Home Owner Fees:
0.0
Mello Roos Fee:
345.0
Monthly Total Fees:
28.0
Vacant Lot for Sale in Los Angeles A Rare Gem with Multi-Residential Potential! Discover an unparalleled opportunity in the heart of Los Angeles! This prime vacant lot offers the potential to build multi-residential units, making it an exceptional find in a city where vacant land is increasingly scarce. The lot is zoned R-3, an easily accessible corner lot ,and its also TOC TIER 1 Eligible for higher density building incentives. Current renter utilizes lot for car storage. Tenant can vacate or new owner can receive rental income while permits and building entitlements are approved. Situated in a sought-after area, this lot is perfect for developers or investors looking to maximize their ROI in a thriving real estate market. With zoning that supports multi-residential construction, you can bring your vision to life, creating housing that aligns with the city's growing demand for quality living spaces.
Data was last updated December 22, 2024 at 09:10 PM (UTC)
Area Statistics
Listings on market:
15,664
Avg list price:
$85,000
Min list price:
$0
Max list price:
$999,999,999
Avg days on market:
185
Min days on market:
1
Max days on market:
6,115
Avg price per sq.ft.:
$1.09
These statistics are generated based on the current listing's property type
and located in
OTHER. Average values are
derived using median calculations.