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Off Market
1/7

3520 W Florence Ave
Los Angeles, CA 90043


HIGHLIGHTS

  • Well-located 11,051sf Fairview Heights lot zoned R3 in a TOC Tier 3 area
  • Property is fully vacant and allows for approx. 13 new units by-right & 26 new units for a TOC redevelopment project
  • Located in a strong rental pocket and only 1.8M from Sofi Stadium/Hollywood Park/The Forum
  • Also only a short 0.2 mile walk from the new Fairview Heights (K Line) station slated to open during 2021

OVERVIEW

Priced to sell bring all offers... Seller is looking to close before year-end. Proudly presenting this fixer triplex + redevelopment opportunity at 3520 W. Florence Avenue, LA 90043. The property features an 11,051sf lot zoned R3 in a TOC Tier 3 area allowing for additional units & increased density for a TOC redevelopment project. This lot would allow for 13 new units by-right and approx. 26 new units for a TOC site. No CDO/CPIO requirements and located in a Hubzone & LA State Enterprise Zone. There is currently a vacant 1,967sf triplex building on-site that sustained fire damage and is a heavy fixer. Located in a great rental pocket just west of Crenshaw Blvd, and only 1.8 miles from Sofi Stadium/Hollywood Park/The Forum. Also only approx. 0.2 miles from the new Fairview Heights metro station that is anticipated to open during 2021. This property presents a great opportunity to build new townhomes or apartment units in a rapidly appreciating LA submarket with fantastic proximity to Inglewood; LAX & the Beach Cities. Contact us today for more details!

FOR SALE DETAILS

PRICE

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# OF LOTS

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LAND DETAILS

PROPERTY NAME

RTI 22 Units LA R3 TOC Tier 3

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Apartment Units, Apartment Units - Senior, Apartment Units - Subsdzd

LAND ACRES

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LAND SF

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OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

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APN/PARCEL ID

4012-029-029