5869 West Blvd - Build up to 57± Units - By Metro K Line 0.17 Acres of Commercial Land Offered at $1,285,566 CAD in Los Angeles, CA 90043

INVESTMENT HIGHLIGHTS

  • Build Up to 57± Residential Units - 50 x 150 ft Vacant Street to Alley Lot
  • 2 Blocks from the K Line Metro Station - “Very Walkable” Area
  • On Alley - R1 Lots Behind Property Should Provide Easier Parking
  • Can build Mixed Income at higher density with Ministerial Approval through CHIP
  • No RSO - Ellis’d Over 5 Years Ago
  • Seller began Entitlements for 22 Units

EXECUTIVE SUMMARY

Seller began Entitlements for 22 Units

ATTACHMENTS

West5869_OM

PROPERTY FACTS

Price $1,285,566 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
  • Apartment Units - Dorms
  • Apartment Units - Senior
  • Apartment Units - Subsidized
Total Lot Size 0.17 AC
Zoning C2-1VL-SP Tier 3

1 LOT AVAILABLE

Lot 1

Price $1,285,566 CAD
Price Per AC $7,466,579.23 CAD
Lot Size 0.17 AC

Vacant Street to Alley Lot

DESCRIPTION

Partners CRE is proud to present for sale a large, street-to-alley commercially zoned lot two blocks from the Hyde Park K Line Metro Station. Measuring 50 feet wide by 150 feet deep, counting half of the alley for density, the property offers great possibilities in design on this 7,500 SF lot in this Inglewood-adjacent neighborhood of Los Angeles. Build up to 57 ± residential units on this lot! With Ellis Act paperwork filed on 6/17/2019, the property is listed as not being subject to RSO. Zoned C2-1VL-SP Tier 3 TOC, focus on Mixed Income…or even Mixed Use - at a higher density with Ministerial Approval through CHIP. Backing up to R1 Zoned lots, but separated by an alley, the neighborhood should be able to accommodate street parking better than more densely-zoned areas. Situated just two blocks to the intersection of Slauson Ave. and Crenshaw Blvd., this Very Walkable, Good Transit and Bikeable area is steps away from Woody’s Bar-B-Q, Fatburger, Plaza Fish Market, Wells Fargo, and much more. Or hop on the Metro K Line and open up to the rest of Los Angeles, including a coming connection to LAX. The Seller has started work on Entitlements for 22 Units, 3 story with no parking - the property is offered without Entitlements, but the Seller will entertain all offers. The Project will not be continued by the Seller.

Walk Score®
Very Walkable (79)

PROPERTY TAXES

  • Listing ID: 35267352

  • Date on Market: 2025-03-26

  • Last Updated:

  • Address: 5869 West Blvd, Los Angeles, CA 90043