Welcome to an exceptional development opportunity located at 3520 W Florence Ave in Los Angeles. This vacant parcel presents a promising canvas for investors and developers seeking to capitalize on the burgeoning real estate market in this vibrant city. Situated in a strategic location, the property offers convenient access to major thoroughfares, amenities, and attractions, making it an ideal investment opportunity.
With Ready-To-Issue (RTI) plans already in place for the construction of a 20,028 square foot building on an 11,051 square foot lot, comprising 22 units, this offering provides a streamlined pathway to commence development immediately upon acquisition. The property's prime location and zoning make it an attractive prospect for investors looking to meet the high demand for housing in Los Angeles. Priced at $1,995,000, this opportunity offers significant potential for profitability, whether leveraging the strong rental market or catering to the growing demand for homeownership.
Don't miss out on this rare chance to acquire a vacant parcel with RTI plans in place, allowing for expedited development and potential profitability. With the dynamic real estate landscape of Los Angeles, this opportunity is not to be overlooked
Property Type :
Land
County :
Los Angeles
Style :
Land
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ByOwner last updated this listing 05/18/2024 @ 22:22
MLS: SB24026450
LISTED BY: Aaron Jacobson, Lyon Stahl Investment Real Estate, Inc.
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
