4318 S Kansas Ave
Los Angeles, CA 90037
Land For Sale · 0.41 AC

Amazing opportunity to acquire an 18,000 square foot development site with permits already issued to build 22 market rate units, with a unit mix of all two-bedroom/two-bathroom units. The project calls for a total of 44 parking spaces on the ground floor thereby allowing significant construction cost savings for the builder by avoiding going subterranean. At an asking price of only $172 per square foot of land, and only $141,000 per buildable door (all 2 bedrooms) for a project that is ready to break ground immediately, this is a phenomenal opportunity for a developer/builder. Alternatively, one can draw up their own plans to build up to 40 units (5 low-income) utilizing the new Transit Oriented Communities (TOC) guidelines given the property’s tier 3 classification which allows for a 70% density bonus, only 0.5 parking spaces per unit (only 20 required parking spaces if one wants to build 40 units), and other incentives. Less than $78,000 per buildable door!!! Buyer to independently investigate and satisfy itself with all matters, including but not limited to what can be built based on existing or new plans. While the information provided is based on reliable sources, Seller and broker make no warranties or representations of any kind. For any questions, email or call agent direct at 310-525-3703