$1,198,000
Unlock the full potential of the South Bay rental market with this exceptional multi-family development site located in the high-demand Harbor Gateway corridor. Spanning approximately 7,572.2 sq. ft., this level parcel is strategically zoned LARD 1.5 , [Q]RD1.5-1, offering a sophisticated canvas for developers looking to capitalize on Los Angeles’ aggressive housing incentives. This prime lot features a base density of 5 units (1 unit per 1,500 sq. ft. of lot area) with a Height District 1 designation allowing for structures up to 3 stories. Developers can explore the possibility of developing multiple high-yield configurations, including a 5-unit multi-family complex plus 2 detached ADUs, or a sleek collection of 5 modern townhomes. A standout feature of this site is its verified TOC Tier 1 eligibility, being located within a half-mile of a Major Transit Stop near Western Ave. While the base zoning typically allows for a 5-unit build, the Transit Oriented Communities program offers a pathway to potentially increase density to 7 total units. By leveraging these incentives—which may include a 35% density bonus and flexible parking requirements—a developer could significantly enhance the site's "highest and best use" and long-term yield. The location is unparalleled for long-term appreciation, situated minutes from the Harbor-UCLA Medical Center and major employment hubs, ensuring a consistent tenant base. Whether you are planning a modern townhome project or a high-performance apartment build, this shovel-ready opportunity provides the perfect blend of density, location, and legislative support to maximize your ROI. Agent please read private remarks.
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Listed by Chieh-Jen Ma with Century 21 Masters (800) 463-0977
Property Type
Land
Status
Active
MLS Number
CV26031435
Year Built
N/A
Lot Size
7,575 sq ft