10727 S Central Ave
Los Angeles, CA 90059
Land For Sale · 0.22 AC
![10727 S Central Ave, Los Angeles, CA for sale - Building Photo - Image 1 of 1](https://images1.loopnet.com/i2/LoWRcT_BUUlVEdsQWik5i-sV_LJZm0x_9rnNYTIw-6Q/110/10727-S-Central-Ave-Los-Angeles-CA-Building-Photo-1-Large.jpg)
INVESTMENT HIGHLIGHTS
- Under utilized +/-9,454 square foot parcel located at the signalized corner of S. Central Avenue and E. 108th Street.
- Zoning is C2-2D-CPIO TOC Tier 2 which means that a developer can obtain a density bonus if they build this project with an affordable component to it.
- Property is located in the Los Angeles State Enterprise Zone
- Located across the street from the Department of Public Social Services and the Maxine Waters Employment Preparation Center.
- The site is a fully built-out restaurant with a drive-thru window and newer equipment. Available for lease at $3.75 NNN.
- The property is also proximate to the 105 Freeway entrance at S.Central Avenue and is just east of the 110/105 interchange.
PROPERTY FACTS
Property Type | Land |
Property Subtype | Residential |
Total Lot Size | 0.22 AC |
DESCRIPTION
Maher Commercial Realty is pleased to present this unique opportunity to purchase an +/- 9,454 square foot parcel zoned C2-2D-CPIO which is currently under utilized with a 1,365 square foot fast food structure on the property. The building is located at the signalized corner of S. Central Avenue and E. 108th Street in South Central Los Angeles. Using the TOC menu, a developer can build a +/- 39-unit development site. As a 100% affordable project, a buyer can build at least 65 units, or more if they chose to utilize the full height restriction of 108 feet. This is a very good value at only $15,500 per buildable door as a100% affordable site and $25,000 per door as a TOC mostly market-rate site. This is a prime corner lot located across the street from the LA County Social Services building and the Maxine Waters Employment Preparation Center, offering future tenants immediate access to social services. This property is also a nicely built-out restaurant building with newer equipment and a drive-thru window. The property is available for lease at $3.75 NNN and can make a good investment property or owner-user property for a restaurant operator.
PROPERTY TAXES
Parcel Number | 6051-014-036 | Improvements Assessment | $200,000 |
Land Assessment | $450,000 | Total Assessment | $650,000 |
ZONING
Zoning Code | C2-2D-CPIO |
Learn More About Investing in Land
Listing ID: 29088965
Date on Market: 7/24/2023
Last Updated:
Address: 10727 S Central Ave, Los Angeles, CA 90059
The Canndu/Avalon Gardens Land Property at 10727 S Central Ave, Los Angeles, CA 90059 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.
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