9024 Reading Ave - Residential LAND FOR SALE


Los Angeles, CA 90045- Westchester6,821 SF
$1,150,000 USD
310-308-3174
9024 Reading Ave, Los Angeles, CA for Sale
$1,150,000 USD
Residential LAND - FOR SALE
1/1
6,821 SF

9024 Reading Ave
Los Angeles, CA 90045
Westchester


HIGHLIGHTS

  • Residential Use

OVERVIEW

30-year owner, ready to move on from active management and RSO compliance. This is a land/entitlement play; pricing reflects the site's TOC Tier 3 density-bonus potential, not the existing improvement. Adjacent parcel to the north (9020 Reading) — same tract, nearly identical lot size and zoning — is owned by a confirmed, motivated seller who has indicated openness to an off-market sale but is not actively listing at this time. This creates a potential near-term assemblage path for a buyer pursuing greater density under the neighborhood's TOC Tier 3 / density bonus framework. See the 77-unit project currently under construction one parcel south (9030/9038 Reading) as a real precedent for what this corridor supports. Buyer's agent interested in exploring assemblage should contact listing agent directly — do not contact the adjacent owner or their representative independently regarding this matter, to protect confidentiality on all sides. RSO applies to subject; City data indicates a likely SB 330 replacement-housing consideration on any redevelopment scenario. Airport height overlay caps redevelopment at 100' above elevation 111. See TOC/density bonus eligibility flags (SB 9, SB 35, SB 79, SB 684) noted in listing file. Seller open to all reasonable offers; will consider terms accommodating a development buyer's due diligence/entitlement contingency period. DISCLAIMER: All zoning, entitlement, density bonus/TOC, adjacent ownership/seller intent, adjacent construction, rent control, replacement housing, and other regulatory or factual information referenced herein is provided for informational purposes only, derived from third-party/public sources not independently verified by listing broker or seller, and not warranted as accurate or current. Buyer and buyer's agent must independently investigate and verify all such matters — including adjacent parcel ownership, availability, and terms — through appropriate agencies, licensed professionals, and direct due diligence before relying on this information or submitting any offer. Nothing herein constitutes an offer or commitment by any adjacent owner to sell, and no such owner is a party to this listing.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/ACRE

$7,342,987/AC

PRICE/SF

$169 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Westchester Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units - Subsdzd

LAND ACRES

0.16 AC

LAND SF

6,822 SF

OFFSITE IMPROVEMENTS

Water, Electricity, Gas, Curb/Gutter/Sidewalk

ZONING

LAR3

APN/PARCEL ID

4125-011-025

ASK ABOUT THIS PROPERTY

Derrick RuizeXp Realty of Greater LAMore Info
310-308-3174

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Derrick RuizeXp Realty of Greater LAMore Info
310-308-3174

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.