Los Angeles CA Real Estate & Land for Sale

Vacant Lot for Sale in Los Angeles A Rare Gem with Multi-Residential Potential!Discover an unparalleled opportunity in the heart of Los Angeles! This prime vacant lot offers the potential to build multi-residential units, making it an exceptional find in a city where vacant land is increasingly scarce.The lot is zoned R-3, an easily accessible corner lot ,and its also TOC TIER 1 Eligible for higher density building incentives.Current renter utilizes lot for car storage. Tenant can vacate or new owner can receive rental income while permits and building entitlements are approved.Situated in a sought-after area, this lot is perfect for developers or investors looking to maximize their ROI in a thriving real estate market. With zoning that supports multi-residential construction, you can bring your vision to life, creating housing that aligns with the city's growing demand for quality living spaces.

Attention Investors!*Seize this rare chance to own a remarkable property that promises low maintenance and minimal expenses- currently utilized as parking, opening doors for future enhancements.. This asset is not just a property; it's a gateway to significant returns.Key Highlights:*Strategic Location: This property is being sold with the adjacent 9 unit building 5876 S. Figueroa Street asking price $1475,000, Don't let this unique opportunity pass you by! Invest in your future and capitalize on the growth potential of this property today. For more details and to schedule a viewing, contact us now!Future Development Possibilities: Explore the exciting potential for expansion! Reports indicate the possibility of developing up to 34 low-income units, maximizing your investment's value.

We are pleased to present an RTI, shovel ready project for 22 units in South LA. This project is 100% affordable and features a cost effective on-grade construction with only 3 floors. The lot has been vacated of all tenants and the old building has been demolished leaving a vacant lot. The unit mix consists of 19: 1 + 1's, 2 Singles and one 2 bedroom units.

20,640 S.F. inclusive 38 Units FULLY RTI READY STACKED DESIGN 3 Story apartment building ready to be delivered with all it's permits, soil report, rendering, plans & architectural... This is a 100% affordable housing development w a great mix of 36, One bedroom units and 2, Two bedroom units.PREVIOUSLY a MOTEL which is now demolished and you can start breaking ground from day ONE!

**THIS PROPERTY WILL REMAIN ON HOLD DUE TO TITLE CONFIRMATION BY ATTORNEYS & ANY FURTHER UPDATES WILL BE POSTED UPON CONFIRMATION** This 8019 Towne Avenue Land Lot (as per Los Angeles Building & Safety Records APN: 6030-020-021), is being "SOLD-AS" in it's entirety without any further warranties and/or guarantees of any kind. Real Estate Agent(s)/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!

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.