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9325 S. Vermont Avenue

Los Angeles, CA 90044
  • $750,000
  • STATUS: Active
  • ON SITE: 233 Days
  • ID#: SR21074764
UPDATED: 69 min ago
$750,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are proud to present an opportunity to acquire a Lot Opportunity Zone 33-unit development site Located in the South Los Angeles submarket of Unincorporated Los Angeles. The county of Los Angeles planning department has verified that 33 units (9 base, 24 bonus) is the maximum number of units for this site. The potential development site is a large open lot with access off S. Vermont Ave and through the alleyway at the rear of the lot. The property is situated on a 7,854 square foot lot zone LCC3YY. The subject property is located next to a convenience store, church, and an auto bodyshop, which an astute investor may be able to acquire the adjacent lots in the future. The South Los Angeles Community Plan is an area of 15.5 square miles.Adjacent communities include West Adams, Baldwin Hills, and Leimert Park. Land prices in the South Los Angeles remain affordable. With the advent of generous density bonuses, transit incentives and opportunities to develop affordable and mixed-use housing, values have begun to rise as developers look for greater opportunities in and around Los Angeles. The property is situated just west of the 110 freeway and north of the 105 freeway, providing easy access to anywhere in the Los Angeles Metropolitan area. The development presents a unique opportunity to acquire a well-positioned property located in the emerging South Los Angeles submarket of Unincorporated Los Angeles while taking advantage of the opportunity zone incentives.

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Based on information from CRISNet MLS as of 2021-11-29T11:56:00.767. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-11-29T11:56:00.767. 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/115981117
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9325 S. Vermont Avenue Los Angeles, CA 90044

  • Price: $750,000
  • Status: Active
  • On Site: 233 Days
  • Updated: 69 min ago
  • ID#: SR21074764
0
Beds
0
Baths
0
½ Baths
0.18
Acres
Neighborhood:
C36 - Metropolitan Southwest
County:
Los Angeles
Area:
C36 - Metropolitan Southwest
Property Description
We are proud to present an opportunity to acquire a Lot Opportunity Zone 33-unit development site Located in the South Los Angeles submarket of Unincorporated Los Angeles. The county of Los Angeles planning department has verified that 33 units (9 base, 24 bonus) is the maximum number of units for this site. The potential development site is a large open lot with access off S. Vermont Ave and through the alleyway at the rear of the lot. The property is situated on a 7,854 square foot lot zone LCC3YY. The subject property is located next to a convenience store, church, and an auto bodyshop, which an astute investor may be able to acquire the adjacent lots in the future. The South Los Angeles Community Plan is an area of 15.5 square miles.Adjacent communities include West Adams, Baldwin Hills, and Leimert Park. Land prices in the South Los Angeles remain affordable. With the advent of generous density bonuses, transit incentives and opportunities to develop affordable and mixed-use housing, values have begun to rise as developers look for greater opportunities in and around Los Angeles. The property is situated just west of the 110 freeway and north of the 105 freeway, providing easy access to anywhere in the Los Angeles Metropolitan area. The development presents a unique opportunity to acquire a well-positioned property located in the emerging South Los Angeles submarket of Unincorporated Los Angeles while taking advantage of the opportunity zone incentives.
Exterior Features

Lot Features Lot 6500-9999Rectangular LotNear Public TransitWalkstreet Lot Size Area 7854.0000 View Neighborhood View YN Yes

Property Features

Additional Parcels YN No Association Fee 0.00 Association YN No Community Features BikingCurbsSidewalks Land Lease YN No New Construction YN No Senior Community YN No Special Listing Conditions Standard Water Source Public Zoning Lcc3yy

Listing provided courtesy of Raymond Rodriguez, CA DRE# 01402283, of Keller Williams Realty Calabasas.


Based on information from CRISNet MLS as of 2021-11-29T11:56:00.767. 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.

The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

Based on information from the i-Tech MLS as of 2021-11-29T11:56:00.767. 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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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101