KW Commercial is pleased to present this fully entitled, ready-to-pull-permit, 12 unit multifamily apartment building in South Los Angeles.
The site is approximately 14,260 SF per title (Buyer to do their own due diligence) on a LAR3 zoned lot.
The current owner has completed entitlements, plans & renderings to construct a 12 unit 3 story apartment building totaling approximately 12,811 SF. The unit mix includes 1 studio, 4-1 bedroom, and 7-2 bedroom units.
This offering will attract a developer looking to take advantage of this fully entitled lot with plans, which is in an
infill location.
The subject property is located on the east side of Compton Ave. two parcels south of the signalized intersection of 92nd St. and Compton Ave.
The offering is conveniently located less than 2 miles from the 110 freeway and approx. 1.5 miles from the 105 freeway. It is also approx. 1/2 a mile north of the Dr. Martin Luther King Jr. Shopping Center which includes tenants such as; Popeyes Louisiana Kitchen, Burger King, SoCal Gas, Subway, Food 4 Less, CVS, Citi Bank, just to name a few.
Schools in the Area include Ninety-Sixth Street Elementary School, Ninety-Second Street Elementary School, Compton Avenue Elementary School, St. Lawrence of Brindisi School, Markham Middle School, Junior High School, Southeast Middle School, Charles Drew Middle School, Watts Learning Center Middle School, Thomas Riley High School, David Starr Jordan High School, Dymally High School, just to name a few.
The property is located in a densely populated area of Los Angeles; with over 50,000 people residing within a 1-mile radius and over 450,000 people residing within a 3-mile radius.
