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11936 S Central Ave - 87 Unit Affordable Housing - Nearing RTI

0.35 Acres of Commercial Land Offered at $1,800,000 in Los Angeles, CA 90059

Commercial Land California Los Angeles 11936 S Central Ave, Los Angeles, CA 90059

Investment Highlights

  • 15,268 square feet, Corner Lot Zoned C-2
  • Gas Station or Convince Store Possible
  • 4 Story 87 Unit Entitlement in Process
  • Signalized Corner with 42,000 Vehicle Traffic

Executive Summary

Marcus & Millichap is pleased to offer a development site located in south Los Angeles. The 15,268 sq. ft. lot zoned C-2 is situated on a signalized corner with over 42,000 daily Vehicle Traffic. The site is currently going through entitlements for a 4-story, 87-unit supportive housing apartment totaling 40,619 square feet and 60 feet high. There are many possible uses for the site including Gas Station or Convince Store.

Property Facts

Price $1,800,000 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions
High Vacancy Property
  • Redevelopment Project
 Proposed Use
Apartment Units
  • Apartment Units - Subsidized
No. Lots 1 Total Lot Size 0.35 AC
Price $1,800,000
Sale Type Investment
Sale Conditions
High Vacancy Property
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Apartment Units
  • Apartment Units - Subsidized
Total Lot Size 0.35 AC

1 Lot Available

Lot

Price $1,800,000 Lot Size 0.35 AC
Price Per AC $5,135,447
Price $1,800,000
Price Per AC $5,135,447
Lot Size 0.35 AC
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PROPERTY TAXES

Parcel Number 6148-014-018 Improvements Assessment $76,500
Land Assessment $1,275,000 Total Assessment $1,351,500

PROPERTY TAXES

Parcel Number
6148-014-018
Land Assessment
$1,275,000
Improvements Assessment
$76,500
Total Assessment
$1,351,500

zoning

Zoning Code C2
C2
(310) 909-5478

  • Listing ID: 33704265

  • Date on Market: 10/31/2024

  • Last Updated:

  • Address: 11936 S Central Ave, Los Angeles, CA 90059

More public record information on 11936 S Central Ave, Los Angeles, CA 90059

The Land Property at 11936 S Central Ave, Los Angeles, CA 90059 is currently available For Sale. Contact Marcus & Millichap for more information.

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11936 S Central Ave - 87 Unit Affordable Housing - Nearing RTI
(310) 909-5478 x

11936 S Central Ave - 87 Unit Affordable Housing - Nearing RTI

Jon Emrani

(310) 909-5478

(310) 909-5478

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