Land for sale
$1,060,000 - Los Angeles CA 90061Los Angeles CA 90061
Land for sale
- Price: $1,060,000
- Reference No.: 70295982
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Overview
We are pleased to present for sale an (ED 1) Executive Directive 1 affordable development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) and APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. The combined lot size of 11, 362 sqft makes this a prime candidate for a 100% fully affordable apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in place. Currently monthly income from the units is $3, 200/month, collect income while going through entitlements! Buyer to verify all zoning and density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 and 110 Freeways). Do not miss this opportunity to build in a centrally located part of LA with tons of upside at an affordable price point. Contact listing agent for more details! For more details and to contact: https://realtyww.info/land-lots_los-angeles-d523223/for-sale_i70295982Advertisement
Land Los Angeles
This Land for sale is located at Los Angeles CA 90061. The home has . This Land in Los Angeles CA is for sale for $1,060,000 .
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2024-04-06, Viewed 0 times.
Disclaimer
The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.
2024-04-06, Viewed 0 times.
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