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Investment Highlights

  • Construction of 29 residential units by right plus 8 accessory dwelling units (ADU)

Executive Summary

Per a conversation with Zoe Axelrod, Senior Planner for the Los Angeles County Department of Regional Planning, there has been an ordinance approved affecting the property. Per Ms. Axelrod, based upon the size of the lot, in addition to commercial uses, the ordinance will now allow for the construction of 29 residential units by right. She also stated that eight accessory dwelling units (ADU) could be built by right and furthermore allow for an additional two ADU garage conversions. She stated that garages could be built and pre-plumbed during construction and then converted to ADU’s thereafter. She went on to say that there would be allowable density bonuses for low-income housing but it would require additional approvals along with a covenant preserving the low-income designated units.

Property Facts

Price $2,900,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Multifamily
  • Apartment Units
  • Apartment Units - Subsidized
Total Lot Size 0.57 AC
Zoning LCC3YY - Light Commercial/Limited Commercial Zoning

1 Lot Available

Lot

Price $2,900,000
Price Per AC $5,087,719.30
Lot Size 0.57 AC

Description

Exceptional opportunity to develop on a 25,000+ sq ft vacant corner lot with LCC3 zoning, offering outstanding visibility and flexible development potential. Ideally located directly across the street from the Chester L. Washington Golf Course, this property benefits from open views and a well-known neighborhood landmark. The corner location provides excellent frontage and access, making it well-suited for a variety of commercial or mixed-use possibilities (buyer to verify permitted uses). The lot’s generous size allows for thoughtful site planning and design. Ideal for investors, developers, or owner-users seeking a versatile property in a growing area with strong exposure and surroundings.

Fairly walkable
50/100
Exceptionally drivable
90/100
Good public transit
60/100
Fairly bikeable
40/100

Property Taxes

Property Taxes

Parcel Number
6090-008-033
Land Assessment
$1,498,140
Improvements Assessment
$0
Total Assessment
$1,498,140
  • Listing ID: 39549354

  • Date on Market: 2/23/2026

  • Last Updated:

  • Address: 12650 Western Ave, Los Angeles, CA 90047

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