$599,900
A compelling land and redevelopment play on a corner lot in the Park Mesa Heights neighbourhood of Los Angeles. The existing 2,463 square foot structure sustained significant fire damage and is being sold as-is, with value squarely in the land and its versatile C2-1VL-CPIO zoning, which permits a broad range of commercial and residential uses. The assessor reflects a prior institutional use designation, adding an interesting dimension for buyers exploring adaptive reuse, ground-up commercial development, or mixed-use projects. Buyer to independently verify all zoning allowances, permitted uses, and development potential with the City of Los Angeles. The 8,035 square foot corner lot offers excellent visibility and accessibility, situated near Van Ness Recreation Center, Chesterfield Square Park, and everyday retail along nearby commercial corridors. The location provides convenient access to the 10 and 405 freeways, Inglewood, and the broader South LA market; an area that has seen meaningful investor interest in recent years.
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Listed by Sebastian Stofenmacher with Edgestone Real Estate, Inc. (213) 273-4845
Property Type
Single Family Residence
Status
Active
MLS Number
PW26100150
Year Built
1940
Lot Size
8,037 sq ft