6510 S Main St - Commercial LAND FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens10,402 SF
$1,295,000 USD
310-497-4362
6510 S Main St, Los Angeles, CA for Sale
$1,295,000 USD
Commercial LAND - FOR SALE
1/8
10,402 SF

6510 S Main St
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • Development Potential: Zoned C2-1VL-CPIO with a Tier 1 TOC designation, allowing for 50+ units using State Density Bonus Laws (AB2334, AB2345, AB1763)
  • Previously RTI-approved for a 20-unit, 4-story mixed-use building with 18 market-rate units, 2 extremely low-income units, and 710 sq. ft.
  • Features 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units, along with 19 automobile parking spaces and 30 bicycle parking spaces.
  • 10,402 sq. ft. lot (80’ x 130’ dimensions) in a rapidly growing neighborhood, with easy access to local amenities, public transit.
  • Zoning: C2-1VL-CPIO zoning supports residential, commercial, and mixed-use projects.

OVERVIEW

PartnersCRE is pleased to present this exceptional 10,402-square-foot vacant lot in the heart of South Los Angeles. This property offers a unique opportunity for developers to meet the growing demand for residential, commercial, and mixed-use projects. The property was previously RTI-approved for development, though the approvals have since expired. However, they can be renewed through an expedited process, providing a streamlined path to construction. The approved project features a 20-unit, 4-story mixed-use building with 18 market-rate units and 2 extremely low-income units, consisting of 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units. The development includes 710 square feet of commercial space, 19 automobile parking spaces, and 30 bicycle parking spaces, with a total gross area of approximately 14,828 square feet. With C2-1VL-CPIO zoning and a Tier 1 Transit-Oriented Communities (TOC) designation, developers can take advantage of State Density Bonus Laws (AB2334, AB2345, and AB1763) to build 50+ units of affordable housing. Additionally, a preliminary design for a 54-unit, 100% affordable housing development has been completed, showcasing the site’s potential for higher-density residential use. This parcel will be delivered vacant at closing and is ready for immediate development. Whether pursuing the approved 20-unit project or maximizing the site’s full potential, this lot provides an excellent foundation for a transformative project.

FOR SALE DETAILS

PRICE

$1,295,000 USD

PRICE/ACRE

$5,423,015/AC

PRICE/SF

$124 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Main Street Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.24 AC

LAND SF

10,402 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas

ZONING

C2-1VL-CPIO

APN/PARCEL ID

6011-001-063

ASK ABOUT THIS PROPERTY

Jordan PetitoKW Commercial Beverly HillsMore Info
310-497-4362

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Jordan PetitoKW Commercial Beverly HillsMore Info
310-497-4362

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