6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.

$1,999,000.00
For Sale
6227 S Avalon Blvd, Los Angeles, CA 90003, USA
1576 Property ID
17,035 SqFt Size
6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.
6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.
6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.
6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.
6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.
6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.
6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.
6227 S Avalon Blvd., 520 E 62nd St., 6213 S Avalon Blvd., Los Angeles, CA 90003 – South LA Three Parcel Assemblage Totaling 17,035 Sq. Ft.

Description

PRICE REDUCED: THREE DEVELOPMENT PARCEL PACKAGE IN SOUTHERN LOS ANGELES – 55 UNIT TOTAL PROJECT

3 Parcel Combined Price: $1,999,000 (not sold individually)

Combined Lot Square Footage: +/- 17,035

Combined Building Square Footage (1): +/- 5,624 Sq. Ft.

Combined Buildable Units: 55

Combined Market Rate Units: 47

Combined Affordable Units: 7

Combined Parking Spaces: 54

Combined FAR: 41,137.85

All three of these non-contiguous parcels are being sold together in one assemblage. The buildability of each individual parcel has been shown as a breakdown for information purposes, but each parcels is not available for individual purchase. There is a covenant requiring two of the parcels to be used as Church Parking, however, said covenant can be extinguished by obtaining a demolition permit to demolish the structure located at 6227 S. Avalon St., Los Angeles, CA 90004. Buyer to verify buildability.

6227 S. Avalon Blvd., Los Angeles, CA 90003

  • Lot Square Footage: +/- 6,319 Sq. Ft.
  • Building Square Footage:  +/- 5.624 Sq. Ft.
  • Zoning: C2 TOC Tier 2 Zone
  • Total Buildable Units: 27
  • Market Rate Units: 24
  • Affordable Units: 3
  • Total Stories Allowed: 4 (using menu incentive)
  • Parking Spaces: 27
  • Total FAR: 15,707.85
  • Great location in South Los Angeles. Easy access to freeway 110 and exit 18A.
  • Property falls under TOC Tier 2 Zone and as such, it is potentially possible to build as follows. Buyer to verify buildability.

520 E. 62nd Street, Los Angeles, CA  90003

  • Lot Square Footage: +/- 5,466
  • Zoning: R2 TOC Tier 2 Zone
  • Total Buildable Units: 5
  • Market Rate Units: 4
  • Affordable Units: 1
  • Total Stories Allowed: 4
  • Parking Spaces: 5
  • Price PSF of Land: $110
  • Total FAR: 12,989
  • Great location in South Los Angeles. Easy access to freeway 110 and exit 18A.
  • Property falls under TOC Tier 2 Zone and as such, it is potentially possible to build as follows. Buyer to verify buildability.

6213 S. Avalon Blvd., Los Angeles, CA 90003

  • Lot Square Footage: +/- 5,250
  • Zoning: R2 TOC Tier 2 Zone
  • Total Buildable Units: 22
  • Market Rate Units: 19
  • Affordable Units: 3 (very low income)
  • Total Stories Allowed: 4 (using menu incentive)
  • Parking Spaces: 22
  • Price PSF of Land: $152
  • Total FAR: 12.441
  • Great location in South Los Angeles. Easy access to freeway 110 and exit 18A.
  • Property falls under TOC Tier 2 Zone and as such, it is potentially possible to build as follows. Buyer to verify buildability.

Address

  • Address 6227 S Avalon Blvd, Los Angeles, CA 90003, USA
  • Country United States
  • Postal code/ZIP 90003
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Overview

  • Property ID 1576
  • Price $1,999,000.00
  • Property Type
  • Property status
  • Size 17,035 SqFt
  • Zoning R2 TOC Tier 2 Zone
  • Entitlement Status Great location in South Los Angeles

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Contact

Oron Maher

Oron Maher

Property Agent

275 S Beverly Dr, Beverly Hills, CA 90212, USA
(310) 464-1453
MaherCR.com

Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093

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