8802-8810 S Central Ave - Commercial LAND FOR SALE


Los Angeles, CA 90002 12,014 SF
$949,000 USD
415-378-5464
8802-8810 S Central Ave, Los Angeles, CA for Sale
$949,000 USD
Commercial LAND - FOR SALE
1/19
12,014 SF

8802-8810 S Central Ave
Los Angeles, CA 90002


HIGHLIGHTS

  • The subject site is eligible for ED1 as a 100% affordable project, allowing a developer to build 85 units at $11,165 per buildable door.
  • Seller financing available. +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1
  • $78.99 per Sq.Ft/land. Great value on all measurable land metrics.
  • A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus.
  • Leverage the flexible C2 zoning and developing a commercial property on the site, a 2024 clean Phase II is on file
  • Three blocks south of Firestone Blvd. and Central Avenue. This intersection is a main retail corridor offering national brands

OVERVIEW

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 $11,165 per door. Seller financing available. Motivated Seller. Ownership will consider all reasonable offers. Seller has a clean phase 2 environmental report on file. Ideal for a tire shop, car or truck storage, equipment storage, recycling centers, etc. We are pleased to present this unique opportunity to purchase or lease 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 $20,191 per buildable door, $78.99 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 85 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).

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/ACRE

$3,440,856/AC

PRICE/SF

$79 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Commercial, Retail, Multi-Family, Apartment Units, Apartment Units - Subsdzd, Auto Repair, Auto Salvage Facility, Contractor Storage Yard, Lumberyard, Parking Lot, Recycling Center

LAND ACRES

0.28 AC

LAND SF

12,014 SF

OFFSITE IMPROVEMENTS

-

ZONING

C2-1VL-CPIO

APN/PARCEL ID

6043-004-014,6043-004-015,6043-004-016

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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