$589,000
10950 S Main Street Los Angeles, CA 90061
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Listed by Pierre Valliere • PV Realty
$589,000
Est. payment /mo
2,000 SqFt
Active
10950 S Main Street Los Angeles, CA 90061
UPDATED:
10/02/2024 12:44 PM
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $294
MLS Listing ID CRSB24166236
HOA Y/N No
Originating Board Datashare California Regional
Year Built 1946
Lot Size 7,027 Sqft
Property Description
Price just reduced! REO. This property has gone back to the lender and must be sold. Great opportunity to redevelop to a large or small multi-family residential project. Previous owner prior to foreclosure said approved for 25 units in his listing, Buyer to independently verify. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopment opportunity located directly in the path of growth and redevelopment. Per LADBS records there's 20 units going up 3 doors north at 10914 S Main Street and 19 units finishing up three blocks south at SWC of 112th & Main on a smaller corner lot. Or just build a small handful of units+ADUs like at the corner of E. 110th, probably a lot cheaper and faster to push through the city. Zoned C2, which should allow for R4 uses but Buyer/Buyer's agent to independently verify with all necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use and Development Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide Density Bonuses for a higher number of housing units to be built. Best
Location
State CA
County Los Angeles
Interior
Heating None
Cooling None
Fireplace No
Building
Water Public
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