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$ 1,599,000
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0.25 Acres Lot
$ 1,599,000
Est. payment | /mo
0.25 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL26760519
HOA Y/N No
Lot Size 0.254 Acres
Acres 0.2537
Property Sub-Type Unimproved Land
Property Description
We are pleased to present a rare opportunity to break ground immediately on a fully entitled 22-unit apartment development in one of Los Angeles's most active growth corridors. Situated near the high-visibility corner of Florence Avenue and Crenshaw Boulevard in the burgeoning Hyde Park pocket, this vacant, shovel-ready site eliminates entitlement risk entirely and offers investors and developers a clear, immediate path to execution.The proposed 20,028 Sq.Ft. building is thoughtfully designed with a market-smart unit mix: 13 one-bedroom/one-bath and 9 two-bedroom/two-bath residences with spacious floor plans averaging 800 Sq.Ft. per unit, ideal for today's Los Angeles renter. The site sits on an 11,051 Sq.Ft. lot zoned R3 with a Tier 3 TOC Density Bonus, which is what makes the 22-unit count achievable and maximizes the return potential on this land. The location is a compelling part of the story. With a Walk Score of 70, tenants enjoy genuine, everyday walkability in a neighborhood that is attracting serious investment. The property is just minutes from Inglewood's booming entertainment district, home to SoFi Stadium, Intuit Dome, and the Kia Forum, three world-class venues that have fundamentally reshaped demand dynamics across the entire submarket. Proximity to the Crenshaw/LAX Metro Line further strengthens the property's long-term rental appeal. For a developer seeking a turnkey opportunity with no entitlement timeline, a proven unit mix, and a location riding one of the strongest demand tailwinds in Los Angeles County, 3520 W. Florence Avenue delivers on every front.
Location
State CA
County Los Angeles
Zoning LAR3 TOC T
Interior
Fireplace No
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 4012029029
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Listed by Oron Maher • Maher Commercial Realty
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