CA > Los Angeles
Los Angeles, CA 90011,736 E Vernon AVE
Los Angeles, CA 90011,736 E Vernon AVE
Los Angeles, CA 90011,736 E Vernon AVE
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$2,995,000
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0.64 Acres Lot
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736 E Vernon AVE Los Angeles, CA 90011

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Serri Rowell

Serri Rowell

+1(760) 579-2666

UPDATED:

10/09/2024 09:46 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24436967

HOA Y/N No

Lot Size 0.637 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning RD2-1

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5108002035

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Jordan Petito • Keller Williams Beverly Hills

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Serri Rowell

Owner & Team Lead | CA BRE#01484073

+1(760) 579-2666

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736 E Vernon AVE

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