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- LoopNet Team
6620 Vermont
Los Angeles, CA 90044
10k Sq Ft Development Opportunity · Land For Sale
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0.21 AC
PROPERTY FACTS
DESCRIPTION
4BancorpOne is pleased to present a 9,334 square foot redevelopment site located at 6628 S Vermont Ave in Los Angeles, California. The subject property is situated in a solid South Los Angeles location, west of Interstate 110, east of S Western Ave, north of W Florence Ave, and south of Slauson Ave. There is currently a 5,000 square feet building that can be torn down. These two lots total 9,334 square feet and have a zoning of LAC2-1-CPIO (Community Plan Implementation Overlay). Additionally, these parcels are granted Tier 2 TOC bonus incentives which allows for a 60% density bonus and numerous other incentives. The astute developer can build a 37,500 square feet six story building with between 23 to 37 units with a FAR ratio of 2 to 1 by right. Being in the Community Plan Implementation Overlay, the development must have at least 15% of the project being very low-income units or the total project must be an affordable project (buyer to verify).
