fill
fill
fill
Corinne Allemand
Mobile Phone:
310-927-3684
allemand.co@gmail.com
fill
fill
fill
fill
Corinne Allemand
fill
Mobile Phone:
310-927-3684
allemand.co@
gmail.com
fill
fill
fill
fill
fill
fill
fill
Buyer Info
fill
Seller Info
fill
Your Home's Value
fill
Real Estate Glossary
fill
Neighborhood Information
fill
Sitemap
fill
fill
fill

San Pedro CA Real Estate & Land for Sale

The median home value in San Pedro, CA is $849,000. This is higher than the county median home value of $790,000. The national median home value is $308,980. The average price of homes sold in San Pedro, CA is $849,000. Approximately 45.51% of San Pedro homes are owned, compared to 47.38% rented, while 5.3% are vacant. San Pedro real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you like to see a property, contact San Pedro real estate agent to arrange a tour today!
Learn more about San Pedro.


Showing Homes Nearby San Pedro, CA
Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24373895
Type:
Land
Lot size:
0.52 Acres
Courtesy: Adam Peterson - CB Richard Ellis, Inc. Adam Peterson
View additional info

140-Unit Development Site in Prime Long Beach, Entitled at COE. Available for sale or joint venture, the offering consists of a forthcoming entitlement for a140-unit multifamily project on .516 acres of land situated on the corner of Pine Ave. and 10th St. Located just north of Downtown Long Beach and around the corner from the Pacific Ave. Blue Line light rail, the three-parcel site is subject to attractive high density zoning ideal for multifamily development. 937-947 Pine Ave. offers an incredible, walkable amenity base and transit connectivity. Ownership is in the process of obtaining an entitlement for a140-unit, woodframe over concrete podium, 8-story, at-grade apartment project with 15 restricted affordable units and approximately 2000 square feet of ground floor retail/amenity space. New construction apartments in Downtown Long Beach and the surrounding area achieve rents surpassing $4 per square foot, well above the submarket and County averages. As part of a state-mandated housing planning process to relieve the current housing shortage, the city of Long Beach is tasked with adding over 26,000 new homes to its housing stock by 2029. Housing permits have decreased significantly since over 1000 units were permitted in 2021 suggesting a lack of new supply once 937-947 Pine is expected to deliver.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23316453
Type:
Land
Subdivision:
Cerritos Circle
Lot size:
0.38 Acres
Courtesy: Nate Cole - Modern California House Nate Cole
View additional info

Rare opportunity to purchase two vacant side by side parcels totaling 16,583 sf in Long Beach's highly desired Los Cerritos/Virginia Country Club neighborhood. Sale will include both parcels 7140-019-024 & 7140-019-027. Located in an area prized for its tree lined streets, historic homes, and top rated schools. Del Mar Avenue is distinctive for its neighboring homes of mid-century modern design, quiet cul-de-sac type feeling, adjacent Dominguez Gap Wetlands, and close proximity to the fine shops & restaurants of Bixby Knolls.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23316463
Type:
Land
Subdivision:
Cerritos Circle
Lot size:
0.31 Acres
Courtesy: Nate Cole - Modern California House Nate Cole
View additional info

Rare opportunity to purchase two vacant side by side parcels totaling 13,611 sf in Long Beach's highly desired Los Cerritos/Virginia Country Club neighborhood. Sale will include both parcels 7140-019-025 & 7140-019-026. Located in an area prized for its tree lined streets, historic homes, and top rated schools. Del Mar Avenue is distinctive for its neighboring homes of mid-century modern design, quiet cul-de-sac type feeling, adjacent Dominguez Gap Wetlands, and close proximity to the fine shops & restaurants of Bixby Knolls.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24376329
Type:
Land
Lot size:
0.45 Acres
Courtesy: Daniel Shamooelian - Keller Williams Beverly Hills Daniel Shamooelian
View additional info

We are pleased to present for sale an excellent ED 1 TRIPLE LOT development opportunity located near the city of Gardena! While the 3 lots feature a Gardena address, the lots fall under city of LA zoning = more favorable towards development! Zoned LAR4-1, the site includes three APNs owned by a single owner: 6120-018-028, 029, 030 and is situated on a FLAT corner lot with an alley = optimal for design efficiency and parking access! Per seller's architect, 170 units may be built on the 3 lots using ED 1 incentives = only $23,500/unit!!!! Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Current improvements include 2 duplexes and a triplex collecting $19,200/month in income = collect incredible income while going through the lengthy entitlement process. Close proximity to Torrance, Hawthorne, Lawndale, the 110 Freeway and more! Please do not disturb current occupants, interior inspection subject to accepted offer only. Contact listing agent for more details!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24354655
Type:
Land
Lot size:
0.23 Acres
Courtesy: Jordan Petito - Keller Williams Beverly Hills Jordan Petito
View additional info

We are pleased to present the sale of 850 W Alondra Blvd. Los Angeles, CA 90247 which consists of a 0.23-acre (10,001 square foot) corner development site, zoned C2-1 with ED1 eligibility. The property will be delivered with Ready-to-Issue (RTI) plans for a 10 Unit, 3 story, Type 5 construction development with 12 parking spaces. The proposed project consists of building on the rear portion of the lot leaving the existing restaurant as-is. Second phase of the project would be to get plans for a mirroring 10 unit project situated on the front portion where the restaurant is located. The property is within close proximity to the 110 FWY and is located in the up and coming city of Gardena with LA City zoning.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23297717
Type:
Land
Lot size:
0.2 Acres
Courtesy: Jocelyn Guardado - Compass Jocelyn Guardado
View additional info
Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24387749
Type:
Land
Lot size:
0.12 Acres
Courtesy: David Bond - David Bond David Bond
View additional info

Rare opportunity to buy a vacant lot ready to develop. Fully fenced for security purposes. Zoned CL for commercial purposes. Per the City Planning staff, the City will allow residential development in conjunction with a commercial development with a CUP. Check with the city or your architect for all details related thereto. Property is sold as is in its present state. Seller and broker make no representations whatsoever that should be relied upon. Lot size is estimated and based upon the Assessor's plat map which indicates a 25 foot addition at the front. Buyer to conduct their own due diligence for all aspects of the property including, but not limited to, lot size, phase 2 or 3 studies, if desired. Trust owned and ready to sell immediately without any court confirmation. Alley and street access allow for more development opportunities. Because it is being sold for land value only, drive-by the property at any time and feel free to view it along Compton Blvd. and/or the alley at the rear of the property. Also, feel free to view aerial photos readily available on the WWW. Incredible deal. Make it yours.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20591420
Type:
Land
Lot size:
0.08 Acres
Courtesy: Teri McHugh - Teri Michelle McHugh Teri McHugh
View additional info

Commercial Vacant lot with Billboard income of $550 yr. Listing Broker is related to Seller. Also includes additional lot APN 6157022059 660 Sq Ft

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24345251
Type:
Land
Lot size:
0.37 Acres
Courtesy: Casey Lins - Kidder Mathews of California, Inc. Casey Lins
View additional info

We are pleased to present an estimated +/-3,494sf commercial building on +/- 16,055sf of LCC1 zoned land. Located on a lighted intersection with alley access, the property caters itself well to an owner-user, medical user, clinic, veterinarian, 7-Eleven type convenience store, retail, or professional office needing by significant visibility and 25+ parking spaces! As a development site, the corner lot and alley access are primed for a developer to utilize 100% affordable housing incentives to maximize units on the large 16,055sf LCC1 zoned land. With its close proximity to the 110 Freeway, the property is well positioned for any type of investor to take advantage of continued appreciation for years to come. Any Buyer shall complete their own due diligence to determine what the current legal use allowed is for the property. For more information please contact the Listing Broker.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
20609590
Type:
Land
Lot size:
0.8 Acres
Courtesy: Teri McHugh - Teri Michelle McHugh Teri McHugh
View additional info

Industrial Lot

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24374701
Type:
Land
Lot size:
0.26 Acres
Courtesy: Daniel Shamooelian - Keller Williams Beverly Hills Daniel Shamooelian
View additional info

Price Reduced for Quick Sale! We are pleased to present for sale an (ED 1) Executive Directive 1 affordable development opportunity located in the Metropolitan Southwest neighborhood of Los Angeles, within close proximity to LAX, Sofi Stadium, Gardena, Downtown LA and much more! Current improvements include 4 residential units situated on two separate APN's: APN 6117004005 (City of LA) & APN 6117004027 (Unincorporated LA County), with the addresses 12016-12108 S Figueroa. Zoned R3-1, the combined lot size of 11,362 sqft makes this a prime candidate for a 100% fully affordable apartment project (seller has had conversations with architect for a 70 unit fully affordable project). Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Property also comes with an alley which allows for maximized design and parking. All 4 units are currently tenant occupied and the property will be sold with tenants in place. Currently monthly income from the units is $3,200/month, collect income while going through entitlements! Buyer to verify all zoning & density regulations with LADBS, LA County, and all relevant departments. Close proximity to major transportation (105 & 110 Freeways). Do not miss this opportunity to build in a centrally located part of LA with tons of upside at an affordable price point. Contact listing agent for more details!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24389293
Type:
Land
Lot size:
0.1 Acres
Courtesy: Omar Morales Hurtado - Realty Group Advisors Omar Morales Hurtado
View additional info

Residential Vacant Lot Available in the Los Angeles County, boasting 4,445 sq ft. This lot is ready for any investor to build units and take advantage of the corner location with entrances on both Willowbrook & 124th St. Vacant lot to be sold As-Is Where-Is.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24350953
Type:
Land
Lot size:
0.35 Acres
Courtesy: Oron Maher - Maher Commercial Realty Oron Maher
View additional info

Owner Motivated. Make an Offer. We are pleased to present this unique opportunity to purchase an +/-15,222 square foot lot zoned C2-1VL-CPIO. Creative uses include a banquet hall, medical/dental offices and school/daycare*. The property consists of a parking lot and +4,028 Sq.Ft. commercial building formerly used as a church and is currently vacant. The site is located at the corner of S. Avalon Blvd. and E. 118th Place in South Central Los Angeles. 25 striped parking spaces with entry and exit from Avalon Blvd and 118th Place. A developer can build up to 154 units on the site. This is a very good value at $9,700 per buildable door. The property consists of a +/- 4,028 square foot church on a large 15,222 square foot corner parcel with easy visibility, and wide entrances from both S. Avalon Blvd and E. 118th Pl. This site offers a savvy investor or developer a wide variety of options, from renting to a new church to leveraging the flexible C2 zoning and developing a commercial property on the site. Creative uses include*: Event Space: Ideal for a banquet hall, church, or a venue for large group gatherings, this property features a commercial kitchen, open areas with soaring ceilings, and more. Dental/Medical: This property offers ample parking with 25 striped spaces and zoning for Neighborhood Commercial use. With a number of upcoming developments in the vicinity, there is an anticipated rise in demand for local services. School/Daycare: Tailored for educational and childcare purposes, this property caters to schools, after-school programs, daycares, and adult daycare facilities. The former church structure includes meeting rooms, classrooms, a dining area, and a fully-equipped commercial kitchen. Enhanced security features such as fenced parking and gated access ensure safety, while the outdoor area provides a secure space for various activities including outdoor education and physical recreation. Great location just three blocks north of beautiful Earvin "Magic" Johnson Park and Social Security Administration office and close to Animo Watts Charter High School and Animo Mae Jamison Charter Middle School. Easy access to the 110 Freeway and 105 Freeway Interchange. *Buyer to verify all allowable uses on site. The site includes two APN numbers for sale together: 11854 Avalon (APN: 6084-005-035) and 11860 Avalon Blvd. (APN: 036 6084-005-036).

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24367853
Type:
Land
Lot size:
0.13 Acres
Courtesy: Jon Emrani - Marcus & Millichap Jon Emrani
View additional info

We are pleased to offer a 5,804 sq. ft. development site located in unincorporated Los Angeles zoned LCC2YY. The site is vacant and there are nostructures to demolish. There are no tenants to move and no leases encumbering the site. The site enjoys alley access and has a gate in the front of the property.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24370159
Type:
Land
Lot size:
0.65 Acres
Courtesy: Casey Lins - Kidder Mathews of California, Inc. Casey Lins
View additional info

We are pleased to present an estimated 28,505 SF commercial lot with 2,242 SF of improvements located in the City of Bellflower. The property is currently occupied by two month-to-month auto repair and auto sales tenants, with an existing spray paint booth in place. Located along the busy Lakewood Blvd and Alondra Blvd corridor with 288 feet of frontage, the property is well positioned for an owner-user seeking significant street presence, or for a developer seeking a substantial site for a new development. Zoned General Commercial (https:// ecode360.com/43108644), the property is permitted for car washes, auto, retail, medical, restaurant, offices, hotel/motel, service station, churches, and a various number of additional uses. With its close proximity to the 91 freeway, 105 freeway, 605 freeway, and 710 freeway, the property is well positioned for any type of investor to take advantage of continued appreciation for years to come. Any buyer shall complete their own due diligence to determine what the current legal use allowed is for the property.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24367419
Type:
Land
Lot size:
0.22 Acres
Courtesy: Dario Svidler - Keller Williams Beverly Hills Dario Svidler
View additional info

We are proud to present for sale a Ready-to-Issue 38 Unit Affordable Housing Construction Project in South Los Angeles. Already FULLY RTI, this project, on a 9,754 SF C2 lot with 14,800 SF of rentable square footage (per LAHD Table of Rental Units), is ready to go! The 3 story slab-on-grade design has paid special attention to savings, with cost-effective stacked and mirrored units. Situated on a corner lot with an alley, this project has no parking but the neighborhood benefits from good transit options. Schedule 1 & 6 LAHD rents allow for the higher 1 bedroom rental amounts that Schedule 9 reduced. No RSO nor replacement issues. The property has no retail component to complicate things and the lot is already demolished! DWP Power System Engineering and MEP are ready to go! Come and break ground...this property is waiting for you!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24387557
Type:
Land
Lot size:
0.11 Acres
Courtesy: David Bond - David Bond David Bond
View additional info

SCREAMING DEAL! Income of $3,200 for commercial use of the lot for storage purposes PLUS an additional $2,000 for the lease of a sign at the corner of the lot totaling $62,400 per year! Buy it for its income stream alone or collect income while you entitle it for redevelopment. Almost a 9% cap rate based upon gross income with zero maintenance and management expenses! The sign lease is on a month to month basis and can be increased or terminated at any time. Seller states that the sign has been there for years, used by the same lessee, and the lessee desires to continue to lease it if it is offered to the lessee by the buyer. If desired, the sign can be removed by the buyer at any time in the future but it should not obstruct any development should it remain in place based upon it being located at the very corner of the lot. Lease of the lot terminates on June 30, 2024 but the ownership states they believe the tenant would prefer to renew at expiration. Great opportunity to own a rare flat level lot zoned C3 for commercial and residential uses. Although sold for land value only, there is an existing vacant home on the site but it is considered to be a teardown. Seller had tentative verbal approval for a 6-unit development allowed by right along with a 24-hour post office box business with a great income potential with very limited competition. See the renderings for the proposed building and business. Architect may be available to be hired to continue with the approval process for the proposed development, if desired. Additional photos of another post office box business are included for visualization purposes. Repurpose the property as desired or use it as-is. With new codes, it should allow for both residential and commercial development with a potential for residential low-income bonus developments and ADU's. Easy to build-out with all utilities in place. Both street access and convenient alley access for more development choices and opportunities. Completely fenced, locked, and secure. Property may also be suitable for multi-family residential, single-family dwelling, commercial and/or residential condominium project in addition to a commercial and residential development by right. The restrictive SB-8 may not apply due to the property being commercial. Property is located in Los Angeles but within a small unincorporated pocket under the jurisdiction of the County of Los Angeles. Check with the County and your architect for all details related thereto. Extraordinary opportunity for a large, scarce, flat, unique, and desirable property along a major thoroughfare. Sold in its present condition and "as is". No warranties of any kind or representations made regarding the property whatsoever. Buyer to conduct their own independent investigations. Standard sale. No court approval necessary. Copies of leases, one now on a month to month basis, are included herein for reference. Because it is being sold for land value only and its income stream, an interior view of the house will only be allowed upon an accepted offer and only if deemed necessary and requested by the buyer because the house is considered to be a teardown. Also, because it is being sold for land value, sign, and its income stream only, drive-by the property at any time and feel free to view it along Vermont and/or the alley at the rear of the property. Also, feel free to view aerial photos readily available on the WWW. Do not disturb occupants. Incredible deal. Make it yours.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24348249
Type:
Land
Lot size:
0.44 Acres
Courtesy: Dario Svidler - Keller Williams Beverly Hills Dario Svidler
View additional info

REDUCED! We are pleased to present for sale a redevelopment opportunity located at 9413 S Main St., Los Angeles, CA 90003. The property consists of 19,109 SF of CM-1-CPIO Tier 1 ED1 Eligible land on a corner lot that is backed by a 20 foot wide alley. With 147 feet by 130 feet of land, and direct access to an alley, a future building design has room for creativity, especially with the option to limit or eliminate all parking by use of AB 2097 - Main St. features a few Bus Lines along with the Vermont/Main DASH line for future tenants! Build 39+/- Units by TOC or DB, or focus exclusively on Affordable Housing and build 100+ Units on site! The property is in need of a little love and care, but it will be delivered vacant at the close of Escrow.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24358681
Type:
Land
Lot size:
0.21 Acres
Courtesy: Neema Ahadian - Marcus & Millichap Neema Ahadian
View additional info

This is an affordable housing development opportunity at 843 W82nd St, located between S Vermont Ave and S Hoover St inSouth Los Angeles. The 9,301 SF lot will be delivered fully entitled for87 income-restricted housing units and 1 manager unit with no parking required.The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8.Plans call for an efficient five story project, utilizing Type III construction for a fully stacked design reducing construction costs for the developer. The existing duplex will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects.The finished project totals 48,123 SF and has a desirable unit mix of 4 x singles, 79 x one-bedrooms, and 5 x two-bedrooms.The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projects opens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details). Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from Manchester Ave; walking distance to multiple Metro local lines on S Vermont Ave.The subject property is walking distance to retail amenities along S Vermont Ave; nearby to Loren Miller Elementary School, Frederick K.C. Price III Christian Schools, and the Algin Sutton Recreation Center.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24354629
Type:
Land
Lot size:
0.43 Acres
Courtesy: Jordan Petito - Keller Williams Beverly Hills Jordan Petito
View additional info

We are pleased to present the sale of 8112-8200 S Broadway, Los Angeles, CA 90003 which consists of a 0.43-acre (18,553 square foot) development site, zoned C2-1VL-CPIO in Tier 1 Transit Orient Communities (TOC). The property consists of 3 parcels, with 2 parcels being contiguous, the northeast corner totaling 12,472 SF and the southeast corner total 6,081 SF. Great opportunity to build 100% affordable housing with little to no parking, in a great Transit and Bike friendly neighborhood.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24362715
Type:
Land
Lot size:
0.2 Acres
Courtesy: Jordan Petito - Keller Williams Beverly Hills Jordan Petito
View additional info

Partners CRE is thrilled to present an exceptional development opportunity at 8100 S Figueroa Street, Los Angeles, CA 90003. This property features a unique Ready-to- Issue 30 Unit, 100% Affordable Housing Project in South LA on Figueroa! The design is mostly stacked and features a great unit mix with 27, one bedrooms and 3, two bedrooms. The metro 81 bus line travels on Figueroa north and south from Harbor Freeway through DTLA up to Eagle Rock Plaza. The property is conveniently situated within close distance to local amenities and public transportation options, this property holds immense potential for developers looking for an RTI development.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24378471
Type:
Land
Lot size:
0.04 Acres
Courtesy: Crystal Lee - Crystal Lee, Broker Crystal Lee
View additional info

SELLERS ARE MOTIVATED!! This Towne Avenue Land Lot is being "SOLD-AS" in it's entirety without any further warranties and/or guarantees of any kind. Real Estate Agent(sl/Brokers and your buyer(s) are to do their own due diligence and their investigation of All City/County Building & Safety Regulations And Law pertaining to this property status, square footages, etc., of this vacant land lot, with no responsibility of the owners or their real estate agent(s)/Broker(s). Escrow could be extended due to trust clarification process. **THIS LOT IS RIGHT NEXT TO 8021 TOWNE AVENUE, LOS ANGELES, CA, MLS# 24-378467, WHICH IS ALSO FOR SALE TOO** AND 7908 TOWNE AVENUE, LOS ANGELES, CA MLS# 24-344647 IS ALSO FOR SALE. "Do Not Walk Onto The Property Or Disturb The Occupants, next door at all, Because They Are Not Tenants"! Sellers have selection of all services. Thank You All For Your Interest & Have An Excellent Day!

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
23303535
Type:
Land
Lot size:
0.41 Acres
Courtesy: Sally Forster Jones - Compass Sally Forster Jones
View additional info

Just reduced! Commercial corner lot available: Attention, Investors & Developers! This lot is in a prime, central La Palma location with high visibility across the street from a row of established businesses and retail including a 7-Eleven and car wash which attract commercial activity from the surrounding communities and nearby residential neighborhoods. Just down the street is John F. Kennedy High School, and the immediate area includes many parks, schools, and eateries. Moody Street is also a direct exit off of the 91 Freeway, via Carmenita Road, providing a consistent flow of through traffic alongside the property in both north and south directions.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
NEW LISTING
MLS#:
24390857
Type:
Land
Lot size:
0.21 Acres
Courtesy: Jonathan Anozie - The Realty Exchange Firm Jonathan Anozie
View additional info

Fully approved and Ready To Issue project. We are pleased to present a Ready-to-Issue construction project consisting of 10 Residential Rental Units. Project was approved without any low-income requirements meaning that fair market rent can be charged! The land has gone through the required soil re-compaction and grading process and now is ready to start the building foundation. This project is FULLY RTI! The design consists of 10 Apartments: (6) 3+3, (2) 2+1, (2) 1+1. Each unit is planned with its own laundry inside the unit! The unit mix, spacious floor plan and inside-unit laundry is specifically planned to maximize tenant retention and minimize turnover. 11,964 sq. ft. including balconies: 3+3-unit feature 1,374 sq.ft., 2+2 units feature 1,044 sq. ft., 1+1 units feature 540 sq.ft.

Beds:
n/a
Baths:
Sq.Ft.:
n/a
Status:
Active
MLS#:
24359177
Type:
Land
Lot size:
0.29 Acres
Courtesy: Neema Ahadian - Marcus & Millichap Neema Ahadian
View additional info

This is an affordable housing development opportunity at 7311 S Figueroa St, located just south of W Florence Ave in South Los Angeles. The 12,480 SF lot will be delivered fully entitled for 144 income-restricted housing units and 1manager unit with no parking required.The project's central infill location and proximity to major employment hubs such as Downtown LA, Vernon, Commerce, and Huntington Park support multiple lease-up strategies including filling units through PATH, LAHSA or Section 8.Plans call for an efficient seven story project, utilizing Type III over Type IA construction for a stacked design reducing construction costs for the developer. The existing 7 units/retail will be delivered vacant at the close of escrow, allowing a developer to break ground immediately, without navigating the planning process or taking on additional risk through pending ordinances that are limiting the development of similar high density affordable projects.The finished project totals 62,735 SF and has a desirable unit mix of 141 x one-bedrooms and 4 x two-bedrooms.The project is offered at a low price per buildable unit, allowing a privately funded developer the opportunity to develop a high yielding project and capture a strong return on cost with zero tax credits or government subsidies. In addition, the affordability of the projectsopens avenues of mission driven financing through CDFIs or mission driven lenders (contact agent for details)Located in a dense location of South Los Angeles with an easy commute throughout the city with access to the 110 Freeway from W Florence Ave; walking distance to multiple Metro local lines on S Figueroa St.The subject property is walking distance to retail amenities, specifically three retail strip centers at the corner of W Florence Ave & S Figueroa St; nearby to the Childrens Institute Inc., Sixty-Eighth Stree Elementary School, and Loren Miller Elementary School. Parcel numbers 6020-025-014 & 6020-025-015.

The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

How may I help you?

Get property information, schedule a showing or find an agent






We respect your privacy