Description
4 Detached bungalows on a huge R-3 TOC Tier 3 lot ripe for development. The lot is has 60' of street frontage and is approximately 190' deep. Excellent location surrounded by multiple similar redevelopment projects, and less than 3 miles from SOFI Stadium and the upcoming Intuit Dome. The seller had a Transit Oriented Community capacity study completed allowing for a maximum of 26 units (3 affordable), 36,000 square foot floor area, with no parking required. The property is located approximately 1,500 feet northeast of the Fairview Heights station on the LAX Crenshaw light rail line. As a result, the potential project meets the eligibility requirement for a TOC Housing Development to be located within 2,640 feet of a Major Transit Stop and the eligibility requirement for a Tier 3 Project. The projected exit value is over $14,000,000 and the current 4-Unit multi-family existing configuration allows for attractive purchase financing.
Location
"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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 27th September, 2023 2:19 AM (UTC)
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed."
Updated: 27th September, 2023 2:19 AM (UTC)
Listing Agent: Anthony Walker
Listing Office: Buckingham Investments, Inc
