1220 W 57thLos Angeles, CA 90037
Los Angeles County
Description
PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY – 14,821 SQ. FT. LOT! Exceptional investment and development opportunity in the heart of Los Angeles! Offered at $975,000, this expansive 14,821 sq. ft. vacant lot features RD1.5-1-CPIO zoning, offering excellent potential for multifamily residential construction. Based on the standard RD1.5 density calculation, the lot may accommodate approximately 9 residential units, subject to City approval and applicable development regulations. The property is also designated as a Housing Element Rezoning Site and is located within a Transit Priority Area, providing opportunities to explore qualifying density bonuses and affordable housing incentives. Conveniently located near major transportation corridors, shopping, schools, and employment centers. Ideal for developers, builders, and investors seeking to capitalize on Los Angeles' continued housing demand. Buyer to independently verify zoning, allowable density, development incentives, parking requirements, and all construction possibilities with the City of Los Angeles.
Property Information
- Property type
- Land
- Lot size
- 0.34 acres
- Zoning
- LARD1.5
- Days on market
- 18
- MLS® Listing#
- GD26221465
Property Features
- Lot features
- Level
- Community
- Curbs
- Water source
- Public
Financial Details
- HOA
- None
- Parcel number
- 5002014019
Directions
S. Normandie and Slauson
Listing Courtesy: Classic Realty Exchange - 818-521-6060
Presented by: Edik Minassian and Alejandro Quinonez
Licensed in the state of California.
