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Listed by Venus Martinez • Redfin Corporation
$ 475,000
Est. payment /mo
Price Dropped by $50K
8129 South San Pedro Street Los Angeles, CA 90003
2,559 Sqft Lot
UPDATED:
01/06/2025 11:53 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB-24241158
Lot Size 2,559 Sqft
Property Description
Vacant Lot for Sale in Los Angeles - A Rare Gem with Multi-Residential Potential! Discover an unparalleled opportunity in the heart of Los Angeles! This prime vacant lot offers the potential to build multi-residential units, making it an exceptional find in a city where vacant land is increasingly scarce. The lot is zoned R-3, an easily accessible corner lot ,and it's also TOC TIER 1 Eligible for higher density building incentives. Current renter utilizes lot for car storage. Tenant can vacate or new owner can receive rental income while permits and building entitlements are approved. Situated in a sought-after area, this lot is perfect for developers or investors looking to maximize their ROI in a thriving real estate market. With zoning that supports multi-residential construction, you can bring your vision to life, creating housing that aligns with the city's growing demand for quality living spaces.
Location
State CA
County Los Angeles
Zoning LAR3
Exterior
Community Features Curbs, Sidewalks, Storm Drains, Street Lights, Urban
Utilities Available Sewer Available, Water Available, Electricity Available, Natural Gas Available, Phone Available
View Y/N No
View None
Building
Lot Description Corner Lot, Front Yard, Value In Land, 0-1 Unit/Acre, Back Yard
Sewer Public Sewer