Detailed Introduction Of This Home
We are pleased to present this unique opportunity to purchase an +/- 4,160 square foot buildable lot zoned C2-1VL-CPIO which is currently under utilized. The property has remnants of an old building that was burned in a fire, not usable in its current condition. The site is located at the signalized corner of S. Western Avenue and W. 67th Street in South Central Los Angeles. Using the TOC menu, a developer can build a +/- 18-unit development site. As a 100% affordable project, a buyer can build at least 19 units, or more if they chose to utilize the full height restriction of 78 feet. This is a very good value at only $26,263 per buildable door as a 100% affordable site and $27,722 per door as a TOC mostly market-rate site. Great location just one block from Mann UCLA Community School, serving middle school and high school students grades 6-12 and next to Inglewood's highly in-demand neighborhoods of Hyde Park and Morningside Park. Easy access to the 110 Freeway, as well as the option to access the east-west 10 and 105 Freeways.