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5951 W 3rd St
Los Angeles, CA 90036
Land For Sale · 0.25 AC

INVESTMENT HIGHLIGHTS

  • A few blocks to the Grove and Farmer's Market
  • Within a mile of Erewhon Market, Whole Foods, Target Grocery...
  • High Traffic, High Income Neighborhood
  • Within 6 blocks of Trader Joe's, Ralphs, CVS...
  • Just north of Park La Brea
  • Central to the best hospitality and nightlife in Los Angeles

PROPERTY FACTS

Property Type Land
Property Subtype Commercial
Proposed Use
Retail
  • Mixed Use
  • Apartment Units
  • Apartment Units - Condo
  • Apartment Units - Senior
Total Lot Size 0.25 AC
No. Stories 1
Zoning C1-1VL Tier 1

DESCRIPTION

Seller Very Motivated - Will Look at All Offers! Presented for sale is 5951 - 5959 W. 3rd Street, on 11,045 SF of C1-1VL Tier 1 zoned land, a corner double-lot that backs up to an alley. Located at the intersection of 3rd St. and Fuller Ave., this site is ideally situated in a high traffic, high income neighborhood within walking distance to The Grove, Pan Pacific Park, La Brea Ave. shopping and is central to the best hospitality and nightlife in Los Angeles! Currently operating as an auto-body shop (we are told it used to be a gas station), dog grooming and fitness studio, this property is ready for a re-positioning or re-development. Build a by-right project or maximize density to build 24 units over ground floor retail. Long-term owners of the site are open to look at all offers as they are ready to exchange into their next investment!

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5512-016-007
  • 5512-016-006
Land Assessment
$5,191,596
Improvements Assessment
$10,404
Total Assessment
$5,202,000
  • Listing ID: 21111257

  • Date on Market: 10/1/2020

  • Last Updated:

  • Address: 5951 W 3rd St, Los Angeles, CA 90036

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