$755,000
Prime South Los Angeles Development Site | Tier 3 TOC | Unlimited Potential under ED1Unlock the potential of 10616 Avalon Blvd, a high-visibility development opportunity in one of Los Angeles' most rapidly evolving submarkets. Currently housing a +/-2,395 SF religious facility on a sprawling +/-9,011 SF lot, the true value lies in the Tier 3 TOC designation and C2-1-CPIO, {Q}R4-1 zoning.Positioned less than a mile from the Avalon Metro Station, this site offers a clear path to high-density residential or mixed-use redevelopment. Utilize Tier 3 incentives for a ~37-unit yield or leverage Executive Directive 1 (ED1) for a 100% affordable project with fast-tracked ministerial approvals and zero parking requirements. Don't miss this chance to capture the 'Missing Middle' demand in South LA.Featuring 60 feet of prime street frontage and ample gated parking/yard space, the property is a prime candidate for future residential conversion. Secure your foothold in the path of progress today.PROPERTY WILL HAVE TO GO THROUGH PROBATE
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Listed by Baron Castillo with Apartment Building Investments (818) 605-2626
Property Type
Multi Family
Status
Active
MLS Number
P1-26038
Year Built
1926