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Listed by Christopher Martinez Diaz • Vinco Vinco Realty & Investments Inc
$2,000,000
Est. payment /mo
20,817 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 20,817 sqft
Price per Sqft $96
MLS Listing ID CRSR25102197
HOA Y/N No
Lot Size 0.478 Acres
Property Sub-Type Unimproved Land
Source Datashare California Regional
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View City Lights, Other
Building
Lot Description Corner Lot
Water Public
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Deeana Owens
Broker | Owner | CA BRE#CA: 02015510, GA: 295613
Broker | Owner CA BRE#CA: 02015510, GA: 295613