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We are pleased to present this unique opportunity to purchase an +/-12,014 square foot lot zoned C2-1VL-CPIO. The site is 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. This is a very good value at $24,468 per buildable door. 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 47 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. 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).
Land to Develop!! these 2 side by side parcels R3-1 zoning in the opportunity zone with a 146 feet frontage and 200 feet deep (29,200sqft), the possibilities here are endless, located in the TPAs (transit priority areas) TOC tier2 great property for housing providers, low-income developers. Nonprofit institutions, government housing providers and Homeless housing providers may qualify for a fastrack project approval, per owner remarks can build between 150 -250 units depending on the housing tier of the project, buyers to do their own due diligence and confirm best and highest use with the zoning and building authorities of the City of Los Angeles, existing building consist of fourplex at 9320 Firth Blvd and 2 SFRs and a duplex at 9324 Firth Blvd .
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