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$ 1,200,000
Est. payment | /mo
7,001 Sqft Lot
$ 1,200,000
Est. payment | /mo
7,001 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW25230916
Lot Size 7,001 Sqft
Property Sub-Type Lots/Land
Property Description
Prime LAC2-zoned development site located in the heart of the rapidly transforming Crenshaw Corridor, just moments from Leimert Parkone of Los Angeles most culturally rich and fastest-growing neighborhoods. This 7,001 SF lot has been fully demolished, cleared, and leveled, offering a true shovel-ready opportunity for developers seeking to capitalize on one of LAs most active growth corridors. Highlights: Zoning: LAC2 (Tier 2 Commercial) Allows for mixed-use, multifamily, or commercial development Ideal for apartments, mixed-use retail/residential, or workforce housing Opportunity to leverage TOC incentives (subject to verification) for increased density and reduced parking Flat, build-ready site significantly reduces upfront development time and costs Location Advantages: Situated in 90043 (Crenshaw / Leimert Park submarket), an area experiencing significant public and private investment Near the Crenshaw/LAX Metro Line, enhancing long-term rental demand and transit accessibility Strong proximity to West Adams, USC Village, Culver City, and DTLA Surrounded by ongoing new construction and redevelopment projects Investment Perspective: This property offers a rare opportunity to develop in a high-demand infill location where zoning flexibility, transit access, and neighborhood growth converge. Ideal for investors seeking to build and hold or develop for resale in a supply-constrained Los Angeles market.
Location
State CA
County Los Angeles
Direction Turn north from W 48th St.
Interior
Fireplace No
Exterior
Utilities Available Natural Gas, Telephone
View Y/N No
Others
Senior Community No
Tax ID 5014006024
Acceptable Financing Cash, Conventional, Exchange
Listing Terms Cash, Conventional, Exchange
Listed by Steven Gray, DRE#02194905 eXp Realty of Greater Los Angeles
NEARBY SCHOOL & BUSINESS