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 approval by sell

Features
: Other
Address Map
CA
Los Angeles
Los Angeles
90044
512 Laconia
0
W119° 42' 58.9''
N33° 55' 7.6''
S Figueroa St and Laconia Blvd
MLS Addon
Keller Williams Realty
Matthew Palanca
info@thepalancagroup.com
CR281525
CR8793209
: Public

Land For Sale

512 Laconia, Los Angeles, California 90044

35,360 Sqft
$1,800,000
Listing ID #CRPW23230495
Basic Details
Property Type : Land
Listing Type : For Sale
Listing ID : CRPW23230495
Price : $1,800,000
Lot Area : 35,360 Sqft
Status : Active
Property SubType : Unimproved Land
Agent info
Michael Roberts
Contact Agent