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3313 W 48th Street
USD 1,295,000
Property ID: 24437239
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3313 W 48th Street ,90043
icon Single-family villa
icon 7750 SqFt
icon Built in 1935
icon USD 167/SqFt
icon 23 Beds
icon 23 Full
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Location Street View
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Interior Details
Bedrooms
23
Bathrooms
23
Interior Size
11596
Construction Details
Property Type Single-family villa
Property Condition --
Architectural Style --
New Construction --
Year Built 1935
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Detailed Introduction Of This Home
We are pleased to offer for sale this vacant SB-8 exempt, corner lot development opportunity (Zoned C2) located in the vibrant Crenshaw district of Los Angeles. This 7,750 SF lot comes with Ready-to-Issue (RTI) plans for three (3) duplexes and four (4) Accessory Dwelling Units (ADUs), for a total of ten (10) market-rate units. The investment falls within an Opportunity Zone, excellent for tax benefits, and well located in one of LA's most dynamic and rapidly evolving neighborhoods, 0.3 miles from the Metro K-Line, Leimert Park Plaza, and the intersection of Crenshaw Blvd. & Leimert Blvd. The property is situated on a picturesque palm tree-lined street, surrounded by low-rise residential buildings, creating an attractive and community-oriented environment. This location offers the best of both worlds - a quiet residential feel with proximity to major urban developments and cultural landmarks. This offering presents a rare opportunity to develop a modern, multi-unit property in an area that combines rich cultural heritage with forward-looking urban planning. Notably, this project is exempt from SB-8 regulations, providing developers with greater flexibility in design and unit allocation. This exemption allows for potentially higher density and more creative use of space, maximizing the property's potential in this rapidly evolving market. The project is well-positioned to meet the growing demand for quality housing in this vibrant and up-and-coming area of Los Angeles, while benefiting from reduced regulatory constraints. The front duplex will feature two (2) 3+3 units, the middle duplex will feature a 3+2.5 unit and a 4+4.5 unit, and the rear duplex will feature two (2) 3+3-units. Each duplex features a recreation room that is designed to be converted to an ADU after the Certificate of Occupancy.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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+87
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Contact Development/Agent
icon
Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (21)
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3313 W 48th Street
USD 1,295,000 23 Beds
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