Residential Land for Sale in Los Angeles, California
736 E Vernon Ave Los Angeles, CA 90011
We are pleased to present a Unique Development Opportunity at 736 E Vernon Avenue, Los Angeles, CA. This property consists of a Single-Family Home, built in 1908, situated on a large 27,748 SF lot, offering significant development potential in the heart of Southeast Los Angeles. Zoned RD2-1 and designated as Low Medium II Residential under the General Plan, the site provides flexibility for both 100% Affordable Housing Market Rate Development, making it a prime opportunity for developers. In addition, the property benefits from Transit Oriented Communities (TOC)Tier 3 status, which offers developers density bonuses, reduced parking requirements, and other incentives, further enhancing the development potential of the site. Positioned to benefit from the ongoing growth and revitalization in the area, this sizable lot and zoning allow for various Residential development projects, offering developers the chance to capitalize on the increasing demand for housing in Southeast Los Angeles. The property is also located within 500 feet of George Washington Carver Middle School, adding to its appeal for residential development. With a Walk Score of 73, the neighborhood is considered "Very Walkable," with excellent transit options, making it attractive for those seeking easy access to amenities and public transportation.
Directions
It is located between the blocks of South Central Avenue and South Avalon Boulevard. It's near the intersection of Vernon Ave and Central Ave.
Property details
- County
- Los Angeles County
- Zoning
- RD2-1
- Elevation
- 187 feet
- MLS Number
- CLAW 24-436967
- Date Posted
Parcels
- 5108-002-035
Detailed attributes
Listing
- Type
- Land
- Franchise
- Keller Williams Realty
Listing history
Date | Event | Price | Change | Source |
---|---|---|---|---|
Oct 10, 2024 | Price drop | $2,995,000 | $205,000 -6.4% | CLAW |
Sept 11, 2024 | New listing | $3,200,000 | — | CLAW |