Listing by: Lisa Gillett, Devenio Estates Inc.
0 Beds
n/a Full bath
n/aSqFt
Active
Discover the incredible potential of this R-2, just under 7,000 sq. ft LOT located in the vibrant heart of South Los Angeles. This lot provides an exceptional opportunity for developers seeking to capitalize on the high demand for housing in Los Angeles. The absence of rent control regulations makes it an attractive investment for constructing multifamily units, promising significant rental income potential. *The area is experiencing a surge of growth and development, making it a prime location for new projects and innovative housing solutions. *Proximity to USC: Just minutes away from the University of Southern California, a world-renowned educational institution providing a steady demand for housing from students, faculty, and staff. *Cultural Attractions: A short distance from the upcoming George Lucas Museum of Narrative Art, which promises to be a major cultural landmark drawing visitors from all over. *Transportation Hub: Easy access to the Santa Monica Expo Line, offering convenient public transportation options that connect directly to downtown Los Angeles and the beautiful beaches of Santa Monica. *Sporting and Entertainment Venues: Close to SoFi Stadium, home of the Los Angeles Rams and Chargers, BMO Stadium, and the iconic Crypto Arena, ensuring year-round entertainment and sports events. *LA Live: Situated near the bustling entertainment complex, featuring a range of dining, shopping, and entertainment options. *Don't miss out on this exceptional opportunity to invest in a property that combines strategic location, excellent connectivity, and unmatched development potential. Whether you're a seasoned investor or a visionary developer, this lot is your canvas to create a thriving residential community in the heart of Los Angeles. ***Subject to teardown of existing SFR. Schedule your private tour today!
Property Details | ||
---|---|---|
Price | $921,000 | |
Lot Size | 55x126 | |
Lot Size Area | 6940 | |
Lot Size Area Units | Square Feet | |
Acres | 0.1593 | |
Property Type | Land | |
View | City Lights | |
Lot Description | Rectangular Lot,Value In Land | |
Geographic Data | ||
Directions | south of Vernon Ave and west of Western Ave | |
County | Los Angeles | |
Latitude | 34.002538 | |
Longitude | -118.311518 | |
Market Area | PHHT - Park Hills Heights | |
Address Information | ||
Address | 1800 W 45th Street, Los Angeles, CA 90062 | |
Postal Code | 90062 | |
City | Los Angeles | |
State | CA | |
Country | United States | |
Listing Information | ||
Listing Office | Devenio Estates Inc. | |
Listing Agent | Lisa Gillett | |
Special listing conditions | Probate Listing | |
Virtual Tour URL | https://www.youtube.com/watch?v=XW92PP7dgaY | |
MLS Information | ||
Days on market | 8 | |
MLS Status | Active | |
Listing Date | Jan 5, 2025 | |
Listing Last Modified | Jan 13, 2025 | |
Tax ID | 5015002001 | |
MLS Area | PHHT - Park Hills Heights | |
MLS # | 24465949 |
This information is believed to be accurate, but without any warranty.