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$ 2,850,000
Est. payment /mo
Active
736 E Vernon AVE Los Angeles, CA 90011
0.64 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25494255
HOA Y/N No
Lot Size 0.637 Acres
Lot Dimensions Assessor
Property Description
We are proud to present an exceptional development opportunity at 736 East Vernon Avenue, Los Angeles, CA, located in the rapidly growing South Los Angeles area. This 27,747-square-foot lot (0.64 acres) offers significant potential for high-density residential development. The property includes an existing single-family residence, which can be delivered vacant at close of escrow, providing the ability to break ground immediately. Zoned RD2-1 with a 3:1 FAR and a maximum base height of 45 feet, the site allows developers to leverage California's Housing Density Bonus programs (AB1287, AB2334, and AB2345) to increase unit counts. The lot's 96-foot width and 289-foot depth create an efficient layout, maximizing design flexibility and unit potential. Entitled Project features a four-story, 48-unit residential project, including 21 two-bedroom units and 27 one-bedroom units, with a total gross area of approximately 63,974 square feet. This includes 44,067 square feet of residential space, 415 square feet of lobby space, and 19,492 square feet of parking. The design incorporates 56 automobile parking spaces, 38 bicycle parking spaces, and over 5,000 square feet of private and common open spaces to enhance the resident experience. While the project is entitled, it is not RTI (Ready-to-Issue) as it still needs to go through Building and Safety approvals before permits can be obtained. Strategically located with easy access to public transit, neighborhood amenities, and major thoroughfares, this site presents a rare opportunity to develop much-needed housing in a prime location. Developers can proceed with the approved plans or explore additional density and unit potential through zoning incentives.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning RD2-1
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5108002035
Special Listing Condition Standard
Listed by Jordan Petito • Keller Williams Beverly Hills