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5400 S Western Ave

Los Angeles, CA 90062
  • $1,900,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: 21-103603
UPDATED: 76 min ago
$1,900,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

5400-5408 S Western Ave Is A Retail Value Add Or Redevelopment Opportunity In A South Los Angeles On The Corner Of S Western Ave And W 54th St Across From Western Ave Elementary.Two tenants are currently on month-to-month leases allowing an investor to occupy a portion or all of the building or a developer to collect income while undergoing the entitlement process. One unit is currently vacant. +/- 12,025 SF development lot zoned C2-1VL-CPIO in a Tier 2 TOC Opportunity to build up to 49 units utilizing the TOC benefitsDevelopment site offered at a PPSF of $158 The Hyde Park neighborhood features a half-dozen new construction development * projects underway as of 2020

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T16:42:34.59. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.theparsonsrealestateteam.com/homes/123157605
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5400 S Western Ave Los Angeles, CA 90062

  • Price: $1,900,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 76 min ago
  • ID#: 21-103603
0
Beds
0
Baths
0
½ Baths
0.28
Acres
Neighborhood:
Los Angeles Southwest
County:
Los Angeles
Area:
Los Angeles Southwest
Property Description
5400-5408 S Western Ave Is A Retail Value Add Or Redevelopment Opportunity In A South Los Angeles On The Corner Of S Western Ave And W 54th St Across From Western Ave Elementary.Two tenants are currently on month-to-month leases allowing an investor to occupy a portion or all of the building or a developer to collect income while undergoing the entitlement process. One unit is currently vacant. +/- 12,025 SF development lot zoned C2-1VL-CPIO in a Tier 2 TOC Opportunity to build up to 49 units utilizing the TOC benefitsDevelopment site offered at a PPSF of $158 The Hyde Park neighborhood features a half-dozen new construction development * projects underway as of 2020
Exterior Features

Lot Size Area 12026 View Description City View YN Yes

Property Features

Cable YN Yes Potential Usage +/- 12025 Sf Development Lot Zoned C2-1Vl-Cpio in A Tier 2 Toc* . Opportunity To Build Up To 49 Units Utilizing The Toc Benefits Sale Type Standard Source Lot Size Area Vendor Enhanced Zoning Lac2

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-11-28T16:42:34.59. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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