3550 S Western Ave - Commercial LAND FOR SALE


Los Angeles, CA 90018- South Central LA40,768 SF
$5,950,000 USD
310-422-3891
3550 S Western Ave, Los Angeles, CA for Sale
$5,950,000 USD
Commercial LAND - FOR SALE
1/6
40,768 SF

3550 S Western Ave
Los Angeles, CA 90018
South Central LA


HIGHLIGHTS

  • $20,169 per DOOR land cost - build 295 units on the primary site
  • RARE ENTIRE BLOCK - corner parcel can also be delivered for $1.3M, which would complete the block
  • PRICE REDUCED - highly motivated seller
  • USC ADJACENT - located only 1 mile directly west of campus and next to a multititude of recent off-campus housing developments
  • CURRENT INCOME - approx $19,000 per month gross - all tenants are month-to-month

OVERVIEW

Unentitled mid-rise multifamily development opportunity near USC. Architect analysis showed a maximum 295 unit count for a 5-story mid-rise build with type IIIB construction, resulting in a land cost per unit of $20,169. The primary site for sale includes three (3) contiguous parcels totaling 40,769 SF of land zoned C2-2D-O-CPIO. The corner lot (contiguous with the primary site) is owned by a separate seller and can also be delivered for an asking price of $1,300,000. The corner lot would add an additional 5,857 SF of land, bringing the total size of the assemblage to over one (1) acre. This site presents an increasingly rare opportunity to secure an entire block ripe for development within the inevitable path of USC's continual westward expansion. Call broker for more information.

FOR SALE DETAILS

PRICE

$5,950,000 USD

PRICE/ACRE

$6,357,330/AC

PRICE/SF

$146 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Apartment Units, Single Family Development

LAND ACRES

0.94 AC

LAND SF

40,769 SF

OFFSITE IMPROVEMENTS

-

ZONING

C2-2D-O-CPIO

APN/PARCEL ID

5041-012-049,5041-012-050,5041-012-054

ASK ABOUT THIS PROPERTY

Joe BologneseSaxum WestMore Info
310-422-3891

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Joe BologneseSaxum WestMore Info
310-422-3891

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.