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$ 1,800,000
Est. payment /mo
Active
512 Laconia Los Angeles, CA 90044
0.81 Acres Lot
UPDATED:
04/26/2024 01:22 AM
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW23230495
Originating Board California Regional MLS
Lot Size 0.812 Acres
Property Description
Zoned as R3, this expansive property offers exciting development potential for approximately 44 apartment units. The parcel is strategically planned for a variety of options, featuring a Tentative Tract Map meticulously designed for 18 attached homes, Small Lot Subdivision, and the potential for up to 23 Single Family Lots. It's important to note that the Tract is currently pending approval, and a comprehensive review letter from the Los Angeles City outlines specific development requirements based on the tentative tract map. Situated in the Southwestern part of Los Angeles, this property boasts proximity to major transportation arteries, including convenient access to the 110 and 105 Freeways. This strategic location enhances the appeal for future residents, offering an ideal commute to and from the area. While the current plan is in alignment with the tentative tract map, there exists flexibility for potential developers to explore alternative options. Whether considering the construction of apartments or pursuing an entirely different development plan, interested parties are encouraged to liaise with the Los Angeles City for guidance and to explore the diverse possibilities that this property holds. Seller financing available for up to 2 years with 50% down on approva
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Zoning LY
Exterior
Fence Chain Link
Utilities Available Electricity - On Site, Telephone - Not On Site
View None
Building
Water District - Public
Others
Tax ID 6132001020
Special Listing Condition Not Applicable
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Listed by Matthew Palanca • Keller Williams Realty