4923 S Central Ave, Los Angeles, CA 90011

$702,426
Sold Price
$702,426
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.

Additional Information

View
Other

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Courtesy of Keller Williams Beverly Hills, Dario Svidler - CA DRE#01884474 Selling Office: .

The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS)is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identifyprospective properties visitor may be interested in purchasing.Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX)program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than thebroker and/or agent who owns this web site.The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, isdeemed reliable but not guaranteed and should be personally verified through personal inspection by and/or withthe appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS,DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any disseminationof this information is in violation of copyright laws and is strictly prohibited.CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprisedof CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS),CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (VenturaCounty Regional Data Share).