7
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$799,000
Est. payment /mo
5,100 Sqft Lot
Price Dropped by $100K
2637 S Longwood AVE Los Angeles, CA 90016
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26926753
HOA Y/N No
Lot Size 5,100 Sqft
Property Description
SIGNIFICANT PRICE REDUCTION! Exceptional development opportunity in the rapidly evolving West Adams neighborhood of Los Angeles. Offered at just $799,000, this approximately 5,098 SF lot comes with Ready-to-Issue (RTI) plans for the construction of a modern four-unit residential development totaling approximately 5,315 SF. The thoughtfully designed project offers an attractive opportunity for developers and investors seeking to capitalize on the area's strong rental demand and continued revitalization. With projected annual gross rental income of approximately $222,000 upon completion, the development presents compelling long-term income potential. The property is ideally situated near Culver City, Mid-City, major employment centers, restaurants, shopping, and transportation corridors, offering convenient access to some of Los Angeles' most desirable destinations. At approximately $150 per proposed buildable square foot, the newly reduced price offers an attractive entry point for developers looking to bring a multifamily project to life in a centrally located Los Angeles neighborhood. Buyer to independently verify all plans, approvals, permit requirements, development potential, construction costs, and projected rental income.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning LAR2
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5049004007
Special Listing Condition Standard
Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269
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