8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002

$825,000.00
Sold
8810 S Central Ave, Los Angeles, CA 90002, USA
8810 S. Central Avenue, Los Angeles Property ID
12,014 SqFt Size
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002
8802,8806 8810 S. Central Avenue, Los Angeles, CA 90002

Description

The subject site is eligible for ED1 as a 100% affordable project, allowing for a developer to build up to 85 units at $9,352 per door.

Located one block from an upcoming 119 unit affordable housing project by Abode Communities.

Motivated Seller. Ownership will consider all reasonable offers.

Seller has a clean phase 2 environmental report on file. Ideal for a tire shop, car or truck storage, equipment storage, recycling centers, etc.

We are pleased to present this unique opportunity to purchase or lease an +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1. There is a +/-3,000 Sq.Ft. building on the site in cold shell condition.  Conveniently located at the corner of S. Central Avenue and 88th Street in South Los Angeles.

A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus. This is a very good value at $16,914 per buildable door, $66.17 per Sq.Ft. on land and a clean Phase II on file. The site is comprised of three APN’s: 6043-004-014, 6043-004-015 and 6043-004-016.

The property consists of a large lot with several vacant buildings. This site offers a savvy investor or developer a wide variety of options, from building a 85 unit residential building to leveraging the flexible C2 zoning and developing a commercial property on the site. Great location just three blocks south of Firestone Blvd. and Central Avenue.

This intersection is a main retail corridor offering national brands like KFC, Taco Bell, Family Dollar, Church’s, and Burger King, to local services like laundry, auto parts, florist, barbershop, mobile phone provider, and a church. Seller has a clean phase 2 environmental report on file. The site is comprised of three APN numbers 8802 S. Central (6043-004-014), 8806 S. Central (6043-004-015) and 8810 S. Central (6043-004-016).

Property Features:

  • Sale Price: $825,000
  • Lot Size: +/-12,014 Sq.Ft.
  • Zoning: C2-1VL-CPIO
  • Number of Units: 85 under ED1
  • APN: 6043-004-014, 6043-004-015, 6043-004-016

Address

  • Address 8810 S Central Ave, Los Angeles, CA 90002, USA
  • Country United States
  • Postal code/ZIP 90002
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Overview

  • Property ID 8810 S. Central Avenue, Los Angeles
  • Price $825,000.00
  • Property Type
  • Property status
  • Size 12,014 SqFt
  • Zoning C2-1VL-CPIO
  • Units 85
  • Entitlement Status 6043-004-014, 6043-004-015, 6043-004-016

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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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