Description
IMPROVED PRICE !! $$$93 /SF Vacant Land Total Size of 17,205 SF (3 Parcels / 824 830 834 E Jefferson Blvd) LACM 1 Zoning - Great opportunity to develop in South Downtown LA. Former 3 residential properties completely demolished and now vacant land. Located on busy street with great visibility, 4 minutes to USC and 10 minutes to DTLA, Lots of restaurants and transportation near by cross the streets East Jefferson Bl and San Pedro St. ***County records show as M1 zoning but Zimas Reports show all 3 parcels as CM-1 (Commercial Manufacturing) zoning. It is possible to build wholesale, storage, clinics, light manufacturing, and limited C2 and R3 uses as long as city approves it. That means that you can also build multi-family units. With the lot size being 17,205 SF, you can build up to 21-22 units (based on 800 SF minimum per dwelling unit requirement). These properties are located in TOC Tier 1 area so there is a 50% density bonus which allows approx. 10-11 additional units.
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0BEDS
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0.39ACRES
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0BATHS
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01/2 BATHS
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17,205SQFT
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$93$/SQFT
School Ratings & Info
Description
IMPROVED PRICE !! $$$93 /SF Vacant Land Total Size of 17,205 SF (3 Parcels / 824 830 834 E Jefferson Blvd) LACM 1 Zoning - Great opportunity to develop in South Downtown LA. Former 3 residential properties completely demolished and now vacant land. Located on busy street with great visibility, 4 minutes to USC and 10 minutes to DTLA, Lots of restaurants and transportation near by cross the streets East Jefferson Bl and San Pedro St. ***County records show as M1 zoning but Zimas Reports show all 3 parcels as CM-1 (Commercial Manufacturing) zoning. It is possible to build wholesale, storage, clinics, light manufacturing, and limited C2 and R3 uses as long as city approves it. That means that you can also build multi-family units. With the lot size being 17,205 SF, you can build up to 21-22 units (based on 800 SF minimum per dwelling unit requirement). These properties are located in TOC Tier 1 area so there is a 50% density bonus which allows approx. 10-11 additional units.
Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-20T00:29:13.307. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Compass. Licensed in the State of California, USA.