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503 W Athens Blvd 0.62 Acres of Commercial Land Offered at $1,199,000 in Los Angeles, CA 90044
INVESTMENT HIGHLIGHTS
- Attractive Basis: Blended land cost of $44.16/SF, strong for South LA infill.
- Potential renovation for interim housing, supportive housing, substance abuse housing, re-entry programs, etc.
- Assembly Opportunity: Combined 27,206 SF of R3-1 land across contiguous parcels.
EXECUTIVE SUMMARY
Kingside Investment Group is proud to present a development offering consisting of two adjacent parcels located at 503 W. Athens Boulevard (90044) and 12127 S. Figueroa Street (90061) in South Los Angeles. Together, the sites total 27,206 square feet of R3-1 zoned land with 4,753 square feet of existing improvements, making this a compelling redevelopment or long-term hold opportunity.
The combined purchase price is $1,199,000, reflecting a blended land basis of approximately $44.16 per square foot. Both parcels are ED1-eligible sites, offering the potential for an expedited entitlement and approval process, which can significantly reduce development timelines and execution risk.
With R3-1 zoning, minimal improvement value, and strong assembly fundamentals, the property is well positioned for a multifamily or affordable housing development. For the construction inclined buyer it could also be a reuse of the existing structure.
The combined purchase price is $1,199,000, reflecting a blended land basis of approximately $44.16 per square foot. Both parcels are ED1-eligible sites, offering the potential for an expedited entitlement and approval process, which can significantly reduce development timelines and execution risk.
With R3-1 zoning, minimal improvement value, and strong assembly fundamentals, the property is well positioned for a multifamily or affordable housing development. For the construction inclined buyer it could also be a reuse of the existing structure.
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,199,000 | Lot Size | 0.62 AC |
| Price Per AC | $1,919,739.21 |
| Price | $1,199,000 |
| Price Per AC | $1,919,739.21 |
| Lot Size | 0.62 AC |
1 1
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $680,233 | |
| Land Assessment | $1,088,403 | Total Assessment | $1,768,636 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,088,403
Improvements Assessment
$680,233
Total Assessment
$1,768,636
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503 W Athens Blvd
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