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8802-8810 S Central Ave
0.28 Acres of Commercial Land Offered at $995,000 in Los Angeles, CA 90002
Investment Highlights
- The subject site is eligible for ED1 as a 100% affordable project, allowing a developer to build 85 units at $11,705 per buildable door.
- $82.82 per Sq.Ft/land. Great value on all measurable land metrics.
- Leverage the flexible C2 zoning and developing a commercial property on the site, a 2024 clean Phase II is on file
- Seller financing available. +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1
- A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus.
- Three blocks south of Firestone Blvd. and Central Avenue. This intersection is a main retail corridor offering national brands
Executive Summary
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 $21,170 per buildable door, $82.82 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).
Property Facts
| Price | $995,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Conditions | Redevelopment Project | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.28 AC |
| Price | $995,000 |
| Sale Type | Investment |
| Sale Conditions | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.28 AC |
1 Lot Available
Lot
| Price | $995,000 | Lot Size | 0.28 AC |
| Price Per AC | $3,607,647 |
| Price | $995,000 |
| Price Per AC | $3,607,647 |
| Lot Size | 0.28 AC |
The property consists of a large lot with several vacant buildings. This site offers a wide variety of options, from building a 85 unit residential building to leveraging the flexible C2 zoning and developing a commercial property.
Description
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 $11,705 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 $21,170 per buildable door, $82.82 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).
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $35,126 | |
| Land Assessment | $31,044 | Total Assessment | $66,170 |
PROPERTY TAXES
zoning
| Zoning Code | C2-1VL-CPIO |
| C2-1VL-CPIO |
Presented by
8802-8810 S Central Ave
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