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Search Cali Homes Team
1438 W Florence Ave, Los Angeles, CA 90047
- $700,000
Courtesy of eXp Realty of Greater Los Angeles, Michelle Colbert - CA DRE#01937337
- List Price
- $700,000
- Status
- ACTIVE
- Days on Market
- 15
- MLS#
- 26104084
- Lot Size
- 5,902
- Acres
- 0.14
- MLS Area Major
- Metropolitan Southwest
Property Description
Excellent development opportunity in South Los Angeles! Situated along the Florence Avenue commercial corridor, this 5,902 SF lot is zoned LAC2, offering potential for multifamily residential, mixed-use, or commercial development. Preliminary zoning suggests the potential for approximately 14 residential units, with additional density possible through the City of Los Angeles' CHIP, MIIP, AHIP, or State Density Bonus programs. Qualifying projects may benefit from increased density, additional height, and reduced parking requirements. Ideal opportunity for developers and investors looking to capitalize on the area's redevelopment potential. Buyer to verify all zoning, development potential, and applicable incentives with the City of Los Angeles
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Additional Information
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