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Natalie Miranda
marketing@thewhipplegroup.com$ 2,000,000
Est. payment | /mo
0.48 Acres Lot
$ 2,000,000
Est. payment | /mo
0.48 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25102197
HOA Y/N No
Lot Size 0.478 Acres
Property Description
Presenting 6601-6617 S Normandie Avenue, an expansive land spanning a full city block from 66th Street to 67th Street, with a total square footage of 20,817 square feet of commercially zoned land (C2-1VL-CPIO). This land opportunity opens the door to various development options, from retail commercial ventures to a multifamily development.
Determining the highest and best use of this property is subjective and will vary for each potential buyer. Nevertheless, this unique property stands out as a one-of-a-kind development opportunity at the core of South Los Angeles. Assembling a property of these many parcels is exceptionally rare, and saves a tremendous amount of time and resources for an investor. Its substantial size eliminates hurdles often associated with demolishing and replacing old units, especially in the current complex political climate for new developments in Los Angeles. This unique opportunity allows developers to take advantage of newly proposed density bills, enhancing the potential for additional doors and major rentable upside. Situated amidst R1 single-family lots to the rear and facing a main thoroughfare with great visibility, this lot benefits from a welcoming neighborhood ambiance, contributing to its overall appeal.
Determining the highest and best use of this property is subjective and will vary for each potential buyer. Nevertheless, this unique property stands out as a one-of-a-kind development opportunity at the core of South Los Angeles. Assembling a property of these many parcels is exceptionally rare, and saves a tremendous amount of time and resources for an investor. Its substantial size eliminates hurdles often associated with demolishing and replacing old units, especially in the current complex political climate for new developments in Los Angeles. This unique opportunity allows developers to take advantage of newly proposed density bills, enhancing the potential for additional doors and major rentable upside. Situated amidst R1 single-family lots to the rear and facing a main thoroughfare with great visibility, this lot benefits from a welcoming neighborhood ambiance, contributing to its overall appeal.
Location
State CA
County Los Angeles
Area C34 - Los Angeles Southwest
Zoning LAC2
Interior
Fireplace No
Exterior
Community Features Storm Drain(s), Street Lights, Sidewalks, Urban
Utilities Available Electricity Available
View Y/N Yes
View City Lights, Neighborhood
Building
Lot Description 36-40 Units/Acre, Corner Lot
Water Public
New Construction No
Others
Senior Community No
Tax ID 6015016004
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Listed by Christopher Martinez Diaz • Vinco Vinco Realty & Investments Inc • 323-481-8517
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Natalie Miranda
Marketing Director | License ID: 02122928