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+15624180777
Berkshire Hathaway
1438 W Florence Avenue, Los Angeles, CA 90047
- $700,000
- List Price
- $700,000
- Status
- ACTIVE
- MLS#
- 26102600
- Year Built
- 1938
- Lot Size
- 5,902
- Acres
- 0.14
- Days on Market
- 6
- Property Type
- Commercial
Property Description
Excellent development opportunity in South Los Angeles! Situated along the Florence Avenue commercial corridor, this 5,902 SF lot is zoned LAC2, offering potential for multifamily residential, mixed-use, or commercial development. Preliminary zoning suggests the potential for approximately 14 residential units, with additional density possible through the City of Los Angeles' CHIP, MIIP, AHIP, or State Density Bonus programs. Qualifying projects may benefit from increased density, additional height, and reduced parking requirements. Ideal opportunity for developers and investors looking to capitalize on the area's redevelopment potential. Buyer to verify all zoning, development potential, and applicable incentives with the City of Los Angeles
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Additional Information
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Michelle Colbert (agent.michellecolbert@gmail.com) from Listing Office: eXp Realty of Greater Los Angeles.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.