Property Details
About this Property
Price just reduced! REO. This property has gone back to the lender and must be sold. Great opportunity to redevelop to a large or small multi-family residential project. Previous owner prior to foreclosure said approved for 25 units in his listing, Buyer to independently verify. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopment opportunity located directly in the path of growth and redevelopment. Per LADBS records there's 20 units going up 3 doors north at 10914 S Main Street and 19 units finishing up three blocks south at SWC of 112th & Main on a smaller corner lot. Or just build a small handful of units+ADUs like at the corner of E. 110th, probably a lot cheaper and faster to push through the city. Zoned C2, which should allow for R4 uses but Buyer/Buyer's agent to independently verify with all necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use and Development Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide Density Bonuses for a higher number of housing units to be built. Best
MLS Listing Information
MLS #
CRSB24166255
MLS Source
California Regional MLS
Days on Site
106
Lots & Land Information
Fencing
Other
Lot Description
Grade - Level
Parking, School, and Other Information
HOA Fee
$0
Zoning
PRKG, LWS, LW, LSR, LL, TNS, TD
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
10950 S Main St is in Los Angeles, CA 90061. This Land is currently priced at $589,000. This address can also be written as 10950 S Main St, Los Angeles, CA 90061.
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This listing information is up-to-date as of October 02, 2024. For the most current information, please contact Pierre Valliere, (310) 295-2166
