$1,300,000
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0.26 Acres Lot
SOLD DATE : 08/20/2024
Key Details
Sold Price $1,300,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24413777
Sold Date 08/20/24
HOA Y/N No
Lot Size 0.261 Acres
Acres 0.2609
Property Description
6321 11th Ave is a fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, and apartment buildings nearby. Plans, survey and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs), 5 story 77 unit building or up to a 7 story 107 unit building(buyer to verify all with architect).There are several properties close by that are in plan check for an 100% Affordable ED-1 project and this area is rapidly growing. Very rare to find a fully vacant lot with this lot size close to LAX, walking distance to the train station, Inglewood and the stadium. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and redevelopment project. There is also an option to do a market rate project, 10 Townhomes plus two ADUS (4 duplexes) or add adus and remodel the existing units. The existing structure consists of (3) 2 bedroom 1 bath units. The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum , and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming. There are two sold comps with the same lot size that sold for $1.5 million, one of which is listed currently for $2 million after submitting for vesting!
Location
State CA
County Los Angeles
Area Phht - Park Hills Heights
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 4006010011
Special Listing Condition Standard
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25101 The Old Road Suite 240, Ranch, Ca, 91381, United States