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- LoopNet Team
378-382 W Vernon Ave
Los Angeles, CA 90037
70U+ DEVELOPMENT OPPORTUNITY · Land For Sale
·
0.37 AC
INVESTMENT HIGHLIGHTS
- CALL FOR OFFERS - ALL OFFERS DUE ON OR BEFORE 1/27/2023!!!
- TOC TIER 3 (PER ZIMAS)
- FAVORABLE FAR OF 6:1 & 75' ALLOWABLE HEIGHT
- APPROX. 16,105 SF LA-C2-2D ZONED CORNER LOT
- CAN DEVELOP AN APPROX 70U+ APARTMENT BUILDING (buyer to do their own due diligence)
- GREAT INFILL LOCATION; OVER 70,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS & JUST UNDER 500,000 PEOPLE RESIDE WITHIN A 3-MILE RADIUS.
PROPERTY FACTS
DESCRIPTION
KW Commercial South Bay and Kingside Investment Group are pleased to offer this commercial, multi-parcel assemblage in South Los Angeles. The site comprises three (3) parcels and APNs that total approximately 16,105 SF of land. The site and all parcels comprising it are favorably zoned C2-2D, which allows up to 75 feet in height and up to a 6:1 FAR by-right. In addition, the commercial zoning allows flexibility in terms of entitlement and use. The lot is both easily accessible and highly visible, on a corner lot situated directly off of the I-10 N freeway at Vernon Avenue. Located in South Park, adjacent to rapidly developing Exposition Park and the S. Figueroa Corridor, 372-384 West Vernon Ave. (“Property” or “Site”) is on a highly visible corner lot assemblage directly off the 1-10 N freeway ramp at Vernon Avenue. At the end of the block to the west, a transportation hub provides access to rapid busses [45, 105, DASH] that make greater Los Angeles readily accessible. CALL FOR OFFERS - ALL OFFERS DUE ON OR BEFORE 1/27/2023!!!
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $10,612 | |
| Land Assessment | $1,411,406 | Total Assessment | $1,422,018 |
PROPERTY TAXES
