6430 S Vermont Ave - Residential LAND FOR SALE


Los Angeles, CA 90044 7,405 SF
$1,050,000 USD
424-380-5532
6430 S Vermont Ave, Los Angeles, CA for Sale
$1,050,000 USD
Residential LAND - FOR SALE
1/5
7,405 SF

6430 S Vermont Ave
Los Angeles, CA 90044


HIGHLIGHTS

  • 6430 S Vermont Avenue is an opportunity to purchase a 50- by 150-foot commercial lot with the potential for multifamily development.
  • Situated close to many amenities and attractions such as Superior Grocers, Five Below, Crypto.com Arena, and the Los Angeles Convention Center.
  • With flexible zoning, the site has RTI plans for a 23-unit apartment complex with two affordable units and the option to re-entitle for more.
  • In proximity to Augustus Hawkins High School, USC, and neighboring Central Almeda, South Park, and South Figueroa communities.

OVERVIEW

6430 S Vermont Avenue presents 0.17 acres of residential land with unlimited development potential in Los Angeles, California. Zoned C2-1-CPIO (Commercial - Community Plan Implementation Overlay District), this site has permitted uses for any commercial use in multifamily, restaurants, shops, offices, and entertainment businesses. This plot of land can be kept as-is for triple-net (NNN) open storage or reworked to bring a developer's dream to life. Poised for development, the property has building plans that are ready to issue (RTI) to construct an apartment complex comprising 23 units. With the caveat, two of the units are designated as affordable. Alternatively, the project can be re-entitled utilizing ED-1 (Executive Directive 1) to develop 43 100% affordable units. Strategically located in South Los Angeles or South Central, a culturally rich area home to the University of Southern California (USC), the museums and stadiums of Exposition Park, and the famous Watts Towers. 6430 S Vermont Avenue is less than a mile from various shopping, dining, and entertainment amenities. Interstate 10 is easy to access from W Florence Avenue and Slauson Avenue for those traveling around greater Los Angeles. Developers and investors will find that 6430 S Vermont Avenue is an exceptional destination ready to provide shovel-ready land.

FOR SALE DETAILS

PRICE

$1,050,000 USD

PRICE/ACRE

$6,176,637/AC

PRICE/SF

$142 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.17 AC

LAND SF

7,405 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

C2

APN/PARCEL ID

6013-013-017

ASK ABOUT THIS PROPERTY

Patrick YaghoobiPatrick YaghoobiMore Info
424-380-5532

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

Patrick YaghoobiPatrick YaghoobiMore Info
424-380-5532

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