Residential Land for Sale in Los Angeles, California

736 E Vernon Ave Los Angeles, CA 90011

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$2,995,000
0.64 acres
Active sale$205k dropEst $21,466/mo

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

Coordinates
34.0034, -118.2628
Zoning
RD2-1
Elevation
187 feet
MLS Number
CLAW 24-436967
Date Posted

Parcels

  • 5108-002-035

This 0.64-acre property is located at 736 E Vernon Ave in Los Angeles, CA 90011 with latitude 34.0034 and longitude -118.2628. The property is currently available for sale for $2,995,000 with a price per acre of $4,701,727. Listing data is sourced from Combined LA Westside Multiple Listing Service # 24-436967.

Verify sale details at the property source or contact Keller Williams Beverly Hills at (310) 432-6400.

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Updated . Checked 2 hours ago. Parcel data by Regrid.

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