3550 S Western Ave, Los Angeles, CA 90018
3550 S Western Ave, Los Angeles, CA 90018
3550 S Western Ave, Los Angeles, CA 90018
3550 S Western Ave, Los Angeles, CA 90018
3550 S Western Ave, Los Angeles, CA 90018
3550 S Western Ave, Los Angeles, CA 90018
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Shantrece's Assistant

+1(904) 846-3855
$ 5,000,000
Est. payment | /mo

9,887 SqFt

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$ 5,000,000
Est. payment | /mo
Save

9,887 SqFt

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

Square Footage 9,887 sqft

Price per Sqft $505

MLS Listing ID 26985049

Year Built 1994

Lot Size 0.936 Acres

Acres 0.94

Property Sub-Type Land

Property Description

Unentitled commercial or mid-rise housing development opportunity near USC. Covered land play - all seven (7) tenants are month-to-month and are currently generating approximately $19,000 per month gross rental income. Redevelopment possibilities for a gym, school, senior/assisted living, housing, etc. Architect analysis showed a potential 169+ unit count (115 market rate, and 54 affordable) with the CPIO density bonus, for a 5-story mid-rise build with type IIIB construction.The primary site for sale includes three (3) contiguous parcels totaling 40,769 SF of land zoned C2-2D-O-CPIO. The corner lot (contiguous with the primary site) is owned by a separate seller and can also be delivered separately to complete the block. The corner lot would add an additional 5,857 SF of land, bringing the total size of the assemblage to over one (1) acre.This site presents an increasingly rare opportunity to secure an entire block ripe for development within the inevitable path of USC's continual westward expansion.

Location

State CA

County Los Angeles

Area Los Angeles Southwest

Zoning LAC2

Exterior

Garage Spaces 21.0

Building

Story 1

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Saxum West

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3550 S Western Ave