3550 S Western AVE, Los Angeles, CA 90018
3550 S Western AVE, Los Angeles, CA 90018
3550 S Western AVE, Los Angeles, CA 90018
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$5,000,000
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0.94 Acres Lot
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3550 S Western AVE Los Angeles, CA 90018

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Herb Rim

Herb Rim

+1(818) 699-9179

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26985049

HOA Y/N No

Year Built 1994

Lot Size 0.936 Acres

Property Description

Unentitled commercial or mid-rise housing development opportunity near USC. Covered land play - all seven (7) tenants are month-to-month and are currently generating approximately $19,000 per month gross rental income. Redevelopment possibilities for a gym, school, senior/assisted living, housing, etc. Architect analysis showed a potential 169+ unit count (115 market rate, and 54 affordable) with the CPIO density bonus, for a 5-story mid-rise build with type IIIB construction.The primary site for sale includes three (3) contiguous parcels totaling 40,769 SF of land zoned C2-2D-O-CPIO. The corner lot (contiguous with the primary site) is owned by a separate seller and can also be delivered separately to complete the block. The corner lot would add an additional 5,857 SF of land, bringing the total size of the assemblage to over one (1) acre.This site presents an increasingly rare opportunity to secure an entire block ripe for development within the inevitable path of USC's continual westward expansion.

Location

State CA

County Los Angeles

Area C34 - Los Angeles Southwest

Zoning LAC2

Interior

Fireplace No

Exterior

Total Parking Spaces 21

Building

Story 1

Others

Tax ID 5041012049

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Joseph Bolognese Saxum West #01966025

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3550 S Western AVE

NEARBY SCHOOL & BUSINESS

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Herb Rim

Herb Rim

Realtor License ID: 01870707

+1(818) 699-9179

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