4923 S Central Ave, Los Angeles, CA 90011
- $7,024,265
- Sold Price
- $7,024,265
- List Price
- $699,000
- Closing Date
- Jan 27, 2023
- MLS#
- 22-218509
- Lot Size
- 5,912
- Days on Market
- 14
- Property Type
- Land
Property Description
We are proud to exclusively present for sale a corner Vacant Lot in South Los Angeles that is ready for entitlements. The property boasts 83 feet of frontage on S. Central Ave. and 71 feet of frontage on 49th Pl. and is situated on the northwest corner of the intersection. The C2-1VL-CPIO Tier 1 Zoning allows the construction of up to 23 Residential Units if the Developer utilizes TOC incentives. By right a Developer may build 14 Residential Units. Utilize Affordable Incentives and bump the property up to TOC Tier 2 and build 24 Units. The property is in the Southeast LA CPI Subarea A: Neighborhood-Serving Corridor a 100% residential project is permitted in this subarea. Concept Plans are available for various unit combinations. At about $118 Price Per SF of Land and no relocation needs, no Ellis needs and no RSO obligations, this property is priced to sell! Easy access to the 110 and 10 freeways will make it an easy commute to DTLA (about a 15 minute commute) for your future tenants and everywhere else in the Greater Los Angeles Area will be easily within their grasp.
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Courtesy of , Dario Svidler - CA DRE# Selling Office: .
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