Overview
- Updated On:
- November 28, 2024
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.
- Principal and Interest
- Property Tax
- HOA fee
