9511 S San Pedro St - Office/Residential FOR SALE


Los Angeles, CA 90003- Canndu/Avalon Gardens
$826,000 USD
323-464-9272
9511 S San Pedro St, Los Angeles, CA for Sale
$826,000 USD
Office/Residential - FOR SALE
1/2
null | Request Cap Rate

NEW


9511 S San Pedro St
Los Angeles, CA 90003
Canndu/Avalon Gardens


HIGHLIGHTS

  • 5,195 SF LAR4 Zoned Lot
  • Owner-User, Investor, or Developer Opportunity
  • ED1 Eligible Site
  • Delivered Vacant
  • Close Proximity to USC and Exposition Park
  • Convenient Access to Public Transportation and Major Metro Lines

OVERVIEW

9511 S. San Pedro Street presents a rare opportunity for developers, investors, and owner-users to acquire a vacant office building situated on a 5,195 SF LAR4-zoned lot in South Los Angeles. The property consists of a vacant two-story 2,532 SF office building and offers significant redevelopment potential in a rapidly evolving infill location. The existing improvements may be suitable for renovation and occupancy as an office, flex space, nonprofit facility, educational use, community-serving use, or other owner-user applications. Based on the underlying LAR4 zoning, the site may support approximately 13 residential units by right. Additionally, the property's ED1 eligibility may provide the opportunity to develop up to approximately 26 residential units, subject to applicable regulations and approvals. The property also benefits from TOC Tier 1 designation, Transit Priority Area status, and AB 2097 parking incentives, creating an attractive opportunity for multifamily and affordable housing developers seeking increased density and development incentives. Buyer is advised to independently verify all development potential, zoning regulations, permitted uses, density allowances, ED1 eligibility, and applicable incentive programs with the City of Los Angeles and all applicable governmental agencies. Conveniently located near Downtown Los Angeles, USC, Exposition Park, BMO Stadium, the Los Angeles Memorial Coliseum, and major transportation corridors including the 110 and 105 Freeways, the property offers an exceptional opportunity to capitalize on strong housing demand and favorable development incentives. The property will be delivered vacant at the close of escrow.

FOR SALE DETAILS

PRICE

$826,000 USD

PRICE/SF

$326 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1949

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

LAR4, Los Angeles

APN/PARCEL ID

6052-012-030

ASK ABOUT THIS PROPERTY

Shahab ZarrabiDouglas EllimanMore Info
323-464-9272

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Shahab ZarrabiDouglas EllimanMore Info
323-464-9272

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