372 West Vernon Avenue

Los Angeles CA 90037

16105 sq. ft.

Land

Currently for sale - view listing

Overview

We are proud to exclusively present for sale a rare large corner vacant lot in South LA that is ready for redevelopment! Build 74+/- Affordable Units with a TOC Density Bump or AB1763! The future development will have 128.5 SF of frontage on Vernon Ave. & 125 SF of frontage on Grand Ave. Situated on the Southeast corner of W. Vernon Ave. & S. Grand Ave., this 16,105 sf C2-2D-CPIO Tier 3 Lot will have a lot of flexibilityon design allowing enoughsunlight in each unit. Lots will be delivered Vacant. No need for relocation, no RSO, no Ellis! Affordable Units should be rentable to Section 8 tenants for increased rents; Section 8 rental amounts have increased as of 11/1/2022 (see Section 8 page in OM). The property is around a mile to the Metro Expo / E Line for access to most of Los Angeles, and it is a hop and a step to USC, Downtown Los Angeles and much, much more! Walk Score calls this area Very Walkable, Very Bikeable and with Good Transit! This Offering includes 3 APNs: 5110-003-008, 5110-003-009 & 5110-003-024.

Features

16105 sq. ft. lot size

Land

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