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7210 S Western Ave - Entitled Retail Development/Multi-Family Use 0.3 Acres of Commercial Land Offered at $1,950,000 in Los Angeles, CA 90047



INVESTMENT HIGHLIGHTS
- Fully Entitled w/ RTI Permits
- Signalized Intersection
- Dense Infill Location
- Flexible Zoning for Commercial, Residential & Mixed-Use
- 68,200 VPD
- Strong Demographics & Demand for Neighborhood Retail
EXECUTIVE SUMMARY
7210 S. Western Avenue, an approx. 13,200 SF lot just south of the signalized intersection at W. Florence Avenue, is fully entitled with RTI (ready-to-issue) permits for the ground-up construction of a 3,750 SF, single-story, commercial/retail building, ideal for a wide range of uses such as retail, restaurant, medical office, urgent care, cannabis dispensary, banking, and other commercial uses. Break ground immediately and construct a well-designed and flexible building with broad market appeal to various commercial users.
The flexible C2-2D-CPIO zoning allows for various uses including commercial, multifamily and mixed-use. Alternatively, develop your own plans and build up to 33 market rate units as-of-right, or up to 56 affordable units with Tier 3 Transit Oriented Community development incentives, offering increased building height and reduced parking, with the ability to offer ground-floor retail in a mixed-use development.
Larger site assemblage available through the acquisition of additional parcels. Contact broker for details.
The flexible C2-2D-CPIO zoning allows for various uses including commercial, multifamily and mixed-use. Alternatively, develop your own plans and build up to 33 market rate units as-of-right, or up to 56 affordable units with Tier 3 Transit Oriented Community development incentives, offering increased building height and reduced parking, with the ability to offer ground-floor retail in a mixed-use development.
Larger site assemblage available through the acquisition of additional parcels. Contact broker for details.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $1,950,000 | Lot Size | 0.30 AC |
| Price Per AC | $6,435,006.44 |
| Price | $1,950,000 |
| Price Per AC | $6,435,006.44 |
| Lot Size | 0.30 AC |
Approx. 13,200 SF lot just south of the signalized intersection at W. Florence Avenue, fully entitled with RTI (ready-to-issue) permits for the ground-up construction of a 3,750 SF, single-story, commercial/retail building.
Walk Score®
Very Walkable (75)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $104,040 | |
| Land Assessment | $1,144,440 | Total Assessment | $1,248,480 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,144,440
Improvements Assessment
$104,040
Total Assessment
$1,248,480
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7210 S Western Ave - Entitled Retail Development/Multi-Family Use
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