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1412 W 66th St - Five Vacant Parcel Assemblage (C2-1VL-CPIO)

0.48 Acres of Commercial Land Offered at $2,000,000 in Los Angeles, CA 90047

Commercial Land California Los Angeles 1412 W 66th St, Los Angeles, CA 90047

Investment Highlights

  • Five Lot Assemblage (1 owner)
  • SB8 not applicable
  • Over 170 Ft. of C2 Zoned Frontage
  • Elegible for major City Bonusese

Executive Summary

This unique property stands out as a one-of-a-kind development opportunity at the core of South Los Angeles. Assembling a property of these many parcels is exceptionally rare, and saves a tremendous amount of time and resources for an investor. Its substantial size eliminates hurdles often associated with demolishing and replacing old units, especially in the current complex political climate for new developments in Los Angeles. This unique opportunity allows developers to take advantage of newly proposed density bills, enhancing the potential for additional doors and major rentable upside. Situated amidst R1 single-family lots to the rear and facing a main thoroughfare with great visibility, this lot bene?ts from a welcoming neighborhood ambiance, contributing to its overall appeal.

Property Facts

Price $2,000,000 Property Type Land
Sale Type Investment Property Subtype Commercial
Sale Conditions
1031 Exchange
  • Redevelopment Project
 Proposed Use Commercial
No. Lots 1 Total Lot Size 0.48 AC
Price $2,000,000
Sale Type Investment
Sale Conditions
1031 Exchange
  • Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Commercial
Total Lot Size 0.48 AC

1 Lot Available

Lot

Price $2,000,000 Lot Size 0.48 AC
Price Per AC $4,185,037
Price $2,000,000
Price Per AC $4,185,037
Lot Size 0.48 AC

The subject property spans a full city block from 66th Street to 67th Street, with a total square footage of 20,817 square feet of commercially zoned land (C2-1VL-CPIO). This vacant land opportunity opens the door to various development options.

Description

The subject property spans a full city block from 66th Street to 67th Street, with a total square footage of 20,817 square feet of commercially zoned land (C2-1VL-CPIO).

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1412 W 66th St, Los Angeles, CA - aerial map view - Image1
1412 W 66th St, Los Angeles, CA - aerial map view - Image2

PROPERTY TAXES

Parcel Numbers
Multiple
  • 6015-016-003
  • 6015-016-030
  • 6015-016-005
  • 6015-016-029
  • 6015-016-004
 Improvements Assessment $204
Land Assessment $93,986 Total Assessment $94,190

PROPERTY TAXES

Parcel Numbers
Multiple
  • 6015-016-003
  • 6015-016-030
  • 6015-016-005
  • 6015-016-029
  • 6015-016-004
Land Assessment
$93,986
Improvements Assessment
$204
Total Assessment
$94,190

zoning

Zoning Code C2-1VL-CPIO (Commercial)
C2-1VL-CPIO (Commercial)
(323) 303-3410 x1

Contacts

  • Listing ID: 33602797

  • Date on Market: 10/22/2024

  • Last Updated:

  • Address: 1412 W 66th St, Los Angeles, CA 90047

More public record information on 1412 W 66th St, Los Angeles, CA 90047

The Land Property at 1412 W 66th St, Los Angeles, CA 90047 is currently available for sale. Contact Vinco Vinco Realty Group for more information.

Land PROPERTIES IN NEARBY NEIGHBORHOODS

Nearby Listings

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1412 W 66th St, Los Angeles, CA for sale Aerial- Image 1 of 3
Develpment Site 1 - 66th and Normandie
1412 W 66th St, Los Angeles, CA for sale Aerial- Image 2 of 3
Development Site 2 - 66th and Normandie

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1412 W 66th St - Five Vacant Parcel Assemblage (C2-1VL-CPIO)
(323) 303-3410 x 1

1412 W 66th St - Five Vacant Parcel Assemblage (C2-1VL-CPIO)

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Christopher Martinez

(323) 303-3410

x1

(323) 303-3410 x1

Jose Martinez

(323) 350-4404

(323) 350-4404

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