Los Angeles, CA 90002
$1,050,000
Mark Quesada
Broker / Owner
DRE #02101365
Great development opportunity in a high-demand South Los Angeles corridor. 6,414 SF lot zoned Commercial/Mixed-Use per Specific Plan, offering strong multifamily redevelopment potential. The site is currently improved with a 3,178 SF structure; however, the primary value is in the land. Preliminary concept plans propose a 5-story, 100% affordable multifamily project with up to 39 units, including a mix of one-bedroom, two-bedroom, and studio units, leveraging AB 2345 and transit-oriented incentives. No on-site parking required per AB 2097. Plans have been prepared by a licensed architect and submitted for preliminary planning review; buyer to continue entitlement process. Strategically located near the Firestone, Florence, and Slauson Metro Rail Stations, supporting higher-density infill development. Buyer to independently verify zoning, density, incentives, and all development assumptions. Property sold AS-IS for land value.
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$7,749/mo
Estimate only. Not a loan offer, pre-approval, or commitment to lend. Taxes, insurance, and HOA are estimates that may differ from actual figures. Contact a licensed lender for a personalized quote.
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Construction
Lot & parking
Listed by Simon Shamoulia, Beverly & Company Luxury Properties
MLS# 26674001 · Active
$625,000
Median sale price
38 days
Avg days on market
102.3% of list
Sells for
Closed sales in 90002 over the last 6 months, all home types.
Actual closed sales from the MLS — not estimates.
History reflects records reported to the MLS and may be incomplete.
