8701 S Western Ave | Los Angeles, CA 90047
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- LoopNet Team
8701 S Western Ave
Los Angeles, CA 90047
Lender Short Sale - 1.9-Acre Development Site · Land For Sale
·
1.90 AC
INVESTMENT 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.
- Subject to Lender Approval - Short Sale
- These venues will major events such as the 2028 Olympics, 2027 Super Bowl LXI, and the 2026 FIFA World Cup.
- 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.
- The site is located 1.6 miles east of SoFi Stadium, Kia Forum, and the Intuit Dome.
- The subject site offers an opportunity for developers to reimagine the site as a higher density affordable, retail, grocery, or hotel development site
PROPERTY FACTS
| Property Type | Land | Proposed Use | |
| Property Subtype | Commercial | Total Lot Size | 1.90 AC |
| Zoning | LAC2 - C2-2D-CPIO - 160 Unit - Entitled for 100% Affordable Project | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 1.90 AC |
| Zoning | LAC2 - C2-2D-CPIO - 160 Unit - Entitled for 100% Affordable Project |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $185,347 | |
| Land Assessment | $9,479,931 | Total Assessment | $9,665,278 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,479,931
Improvements Assessment
$185,347
Total Assessment
$9,665,278
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