$1,099,000
Exceptional Redevelopment Opportunity – LAC Zoned | Two Parcels | Prime Investment Potential Unlock the potential of this rare redevelopment opportunity in Los Angeles—a good affordable housing development play. This LAC-zoned property consists of two adjoining parcels totaling 9,597 SF, currently improved with a former motel featuring two single-story buildings, approximately 3,038 SF of existing structure, and 12 on-site parking spaces. The property presents a blank canvas for investors, developers, and visionaries seeking to reposition or redevelop in a high-demand market. With flexible LAC zoning and substantial lot size, the site offers significant upside potential for a variety of future uses (buyer to verify). The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS. This is an opportunity to acquire a value-add asset priced for redevelopment — ideal for those ready to reimagine and revitalize. Buyer to conduct their own due diligence regarding zoning, permits, and redevelopment potential.
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Listed by Gary Mkrtichyan with Global Capital Advisors, Inc. (818) 939-8855
Property Type
Hotel/Motel
Status
Active
MLS Number
GD26040096
Year Built
1941
Lot Size
9,601 sq ft