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- LoopNet Team
736 E Vernon Ave
Los Angeles, CA 90011
100% Affordable Housing or By-Right Market Ra · Land For Sale
·
0.64 AC
INVESTMENT HIGHLIGHTS
- 100% Affordable Housing or By-Right Market Rate
- ± 96 FT of frontage and ± 289 FT depth.
- Transit Oriented Communities (TOC) Tier 3
- Low Medium II Residential in the General Plan
- Zoning is RD2-1, with potential for RD1.5 zoning via AB2334
- Walk Score of 73 ‘Very Walkable”
PROPERTY FACTS
DESCRIPTION
Partners CRE is pleased to present a Unique Development Opportunity at 736 E Vernon Avenue, Los Angeles, CA. This property consists of a Single-Family Home, built in 1908, situated on a large 27,748 SF lot, offering significant development potential in the heart of Southeast Los Angeles. Zoned RD2-1 and designated as Low Medium II Residential under the General Plan, the site provides flexibility for both 100% Affordable Housing or Market Rate Development, making it a prime opportunity for developers. In addition, the property benefits from Transit Oriented Communities (TOC) Tier 3 status, which offers developers density bonuses, reduced parking requirements, and other incentives, further enhancing the development potential of the site. Positioned to benefit from the ongoing growth and revitalization in the area, this sizable lot and zoning allow for various Residential Development Projects, offering developers the chance to capitalize on the increasing demand for housing in Southeast Los Angeles. The property is also located within 500 feet of George Washington Carver Middle School, adding to its appeal for residential development. With a Walk Score of 73, the neighborhood is considered “Very Walkable,” with excellent transit options, making it attractive for those seeking easy access to amenities and public transportation.
