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1438 W Florence Avenue
$700,000

Building Size

840 sf

Lot Size

5,902 sf

Status

Active

Listing Agent: Michelle Colbert, eXp Realty of Greater Los Angeles

Los Angeles

1438 W Florence Avenue

About This Property

Excellent development opportunity in South Los Angeles! Situated along the Florence Avenue commercial corridor, this 5,902 SF lot is zoned LAC2, offering potential for multifamily residential, mixed-use, or commercial development. Preliminary zoning suggests the potential for approximately 14 residential units, with additional density possible through the City of Los Angeles' CHIP, MIIP, AHIP, or State Density Bonus programs. Qualifying projects may benefit from increased density, additional height, and reduced parking requirements. Ideal opportunity for developers and investors looking to capitalize on the area's redevelopment potential. Buyer to verify all zoning, development potential, and applicable incentives with the City of Los Angeles

Neighborhood

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Asking Price

$700,000

Est. Monthly Payment

$4,473/mo

20% down · 6.5% rate · 30yr

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Listing Agent

Michelle Colbert

eXp Realty of Greater Los Angeles