8701 S Western Ave - Commercial LAND FOR SALE


Los Angeles, CA 90047- South Central LA82,764 SF
$8,700,000 USD
858-444-7075
8701 S Western Ave, Los Angeles, CA for Sale
$8,700,000 USD
Commercial LAND - FOR SALE
1/5
82,764 SF

8701 S Western Ave
Los Angeles, CA 90047
South Central LA


HIGHLIGHTS

  • Continuous Land assemblage totaling 84,155 SF / 1.9 AC with 11 parcels and a city approved vacated alley; largest available vacant land site for sale.
  • Current plans call for 160-unit 100% affordable multifamily project with 77 one-bedroom (600-650 SF), 70 two-bedroom (800 SF), and 13 3 bd units.
  • Subject to Lender Approval - Short Sale
  • The site is located 1.6 miles east of SoFi Stadium, Kia Forum, and the Intuit Dome.
  • These venues will major events such as the 2028 Olympics, 2027 Super Bowl LXI, and the 2026 FIFA World Cup.
  • The subject site offers an opportunity for developers to reimagine the site as a higher density affordable, retail, grocery, or hotel development site

OVERVIEW

Kidder Mathews is pleased to present a fully entitled 160 units of 100% affordable housing development opportunity, Inglewood adjacent and just 1.6 miles east of SoFi Stadium, Kia Forum, and the Intuit Dome. The property is well positioned to benefit from major events such as the 2028 Olympics, 2027 Super Bowl LXI, and the 2026 FIFA World Cup. The 84,155 sf / 1.9 acre lot will be delivered with a set of entitlements and plans for 160-units 100% affordable and 6,853 SF of commercial space across two 4- and 5- story buildings. A developer could utilize the current plans or do the following: Higher density affordable development site Commercial retail and/or hotel site. A developer could opt to split the site into multiple, smaller projects. This could enable a master developer to sell individual projects to other developers, potentially reducing their basis in the opportunity. This could also allow a developer to bring different types of projects (i.e. ED1, Senior, Special Needs, Commercial) to market with different capital structures and re-entitle the site for a different use. The land assemblage opportunity which consists of 9 parcels and vacated alley City owned LA. This block-to-block opportunity is a Lender Short Sale and subject to Lender's Approval.

FOR SALE DETAILS

PRICE

$8,700,000 USD

PRICE/ACRE

$4,578,947/AC

PRICE/SF

$105 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Lender Short Sale - 1.9-Acre Development Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Hospitality, Apartment Units, Hold for Development, Hotel

LAND ACRES

1.9 AC

LAND SF

82,764 SF

OFFSITE IMPROVEMENTS

-

ZONING

LAC2

APN/PARCEL ID

6036-011-003,6036-011-004,6036-011-005,6036-011-006,6036-011-017,6036-011-018,6036-011-019,6036-011-033,6036-011-034

ASK ABOUT THIS PROPERTY

Austin MuddKidder MathewsMore Info
858-444-7075

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

Austin MuddKidder MathewsMore Info
858-444-7075

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