Great development opportunity in a high-demand South Los Angeles corridor. 6,414 SF lot zoned Commercial/Mixed-Use per Specific Plan, offering strong multifamily redevelopment potential. The site is currently improved with a 3,178 SF structure; however, the primary value is in the land. Preliminary concept plans propose a 5-story, 100% affordable multifamily project with up to 39 units, including a mix of one-bedroom, two-bedroom, and studio units, leveraging AB 2345 and transit-oriented incentives. No on-site parking required per AB 2097. Plans have been prepared by a licensed architect and submitted for preliminary planning review; buyer to continue entitlement process. Strategically located near the Firestone, Florence, and Slauson Metro Rail Stations, supporting higher-density infill development. Buyer to independently verify zoning, density, incentives, and all development assumptions. Property sold AS-IS for land value.
| MLS # | 26674001 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1921 |
| Days On Site | 126 |
| Listing Provided By | Beverly & Company Luxury Properties | Simon Shamoulia |
| SQ Feet | 3,178 |
|---|---|
| Zoning | LCC3* |
| Acreage | 0.15 |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90002 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90002) | |
Price: $1,050,000 low | high Med: $899,500 sqft: 3,178 low | high Med: 3,601 $ / sqft: $330 low | high Med: $273 On site: 126 low | high Med: 157 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90002 |
| Area | C37 Metropolitan South |
| Listing VS Median (in 90002) | |
Price: $1,050,000 low | high Med: $899,500 sqft: 3,178 low | high Med: 3,601 $ / sqft: $330 low | high Med: $273 On site: 126 low | high Med: 157 | |
![]() | $1,289,0001535 E 92nd StreetLos Angeles, CA 90002 |