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$ 7,900,000
Est. payment | /mo
9,604 Sqft Lot
$ 7,900,000
Est. payment | /mo
9,604 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25513931
Lot Size 9,604 Sqft
Acres 0.2205
Property Description
Great opportunity to acquire a fully entitled, ready-to-issue (RTI) Small Lot Development site in the heart of West Adams to build 16 SFR homes. Spanning 24,000 SF across five standard lots, the property currently consists of a residential structure and open yard space. The RTI plans are for 16 modern residential units (small lot homes), with elevated architecture and rooftop decks. The site is nestled in a residential pocket not far from hip restaurants like Mizlala, MIAN and Whole Foods. The La Cienega/Jefferson Expo Line station is nearby and makes it ideal for transit-oriented development also located in an Opportunity Zone. The project is free of low-income housing requirements and offers flexibility for both short- and long-term strategies. Strong location in one of LA's fastest-growing creative corridors, the project benefits from the area's rapid urban growth and premium amenities, making it an ideal choice for maximizing returns.
Location
State CA
County Los Angeles
Area Mid Los Angeles
Zoning LARD1.5
Exterior
View Y/N No
View None
Building
Sewer In Street
Water District
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard
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Listed by Sotheby's International Realty
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Jeff Lemen
REALTOR® | Lic# 01314776