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132 E 119th St - Development Opp - 132 119th St, Los Angeles 0.17 Acres of Commercial Land Offered at $690,000 in Los Angeles, CA 90061
Investment Highlights
- Approved plans for a 4-unit, 3-story apartment building (current permits valid)
- 7,350.25 SF lot | LAR3 zoning | 40' x 140'
- South LA infill location near the 105 & 110 freeway interchange
- Unit mix: (2) 2-bedroom + (2) 3-bedroom -~7,750 SF of buildable area
- Bare land — no demo, no relocation, no tenant issues
Executive Summary
-Unit mix: (2) 2-bedroom + (2) 3-bedroom -~7,750 SF of buildable area
-7,350.25 SF | the only LAR3 zoned lot in the immediate area | 40' x 140'
-Bare land - no demo, no relocation, no tenant issues
-South LA infill location near the 105 & 110 freeway interchange
* Ideal for builders and developers seeking a faster path to construction
Property Facts
| Price | $690,000 | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Zoning | LAR3 - Restricted Density Multiple Dwelling | ||
| Price | $690,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.17 AC |
| Zoning | LAR3 - Restricted Density Multiple Dwelling |
1 Lot Available
Lot
| Price | $690,000 | Lot Size | 0.17 AC |
| Price Per AC | $4,089,300.85 |
| Price | $690,000 |
| Price Per AC | $4,089,300.85 |
| Lot Size | 0.17 AC |
Rare opportunity to acquire the only R3-zoned shovel-ready development site in the area. Approved permits are in place, allowing immediate construction and avoiding a 12–18 month entitlement process. Plans feature a mix of 2- and 3-bedroom units.
Description
A rare chance to acquire a shovel-ready development site in South Los Angeles on the only R3-zoned lot in the immediate area. The heavy lifting on entitlements is done - a builder can step in with current permits in hand, and break ground without the typical 12–18 month entitlement delay. The approved design maximizes the lot with a thoughtful mix of 2- and 3-bedroom units well-suited for the local rental market
Property Taxes
| Parcel Number | 6083-026-007 | Improvements Assessment | $0 |
| Land Assessment | $426,520 | Total Assessment | $426,520 |
Property Taxes
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132 E 119th St - Development Opp - 132 119th St, Los Angeles
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