LOCALLA

The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process and the ability to build 85 units at $9,352 per door. Motivated Seller. Ownership will consider all reasonable offers. Seller has a clean phase 2 environmental report on file. Located one block from an upcoming 119 unit affordable housing project by Abode Communities. We are pleased to present this unique opportunity to purchase an +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1. There is a +/-3,000 Sq.Ft. building on the site in cold shell condition. Conveniently located at the corner of S. Central Avenue and 88th Street in South Los Angeles. A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus. This is a very good value at $16,914 per buildable door, $66.17 per Sq.Ft. on land and a clean Phase II on file. The site is comprised of three APN's: 6043-004-014, 6043-004-015 and 6043-004-016. The property consists of a large lot with several vacant buildings. This site offers a savvy investor or developer a wide variety of options, from building a 47 unit residential building to leveraging the flexible C2 zoning and developing a commercial property on the site. Great location just three blocks south of Firestone Blvd. and Central Avenue. This intersection is a main retail corridor offering national brands like KFC, Taco Bell, Family Dollar, Church's, and Burger King, to local services like laundry, auto parts, florist, barbershop, mobile phone provider, and a church. Seller has a clean phase 2 environmental report on file. The site is comprised of three APN numbers 8802 S. Central (6043-004-014), 8806 S. Central (6043-004-015) and 8810 S. Central (6043-004-016).