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7225 Walnut Dr
Los Angeles, CA 90001
Land For Sale
·
0.19 AC
EXECUTIVE SUMMARY
Kingside Investment Group & Pryme Group and 7223 Walnut Drive is 22,215 square feet (0.51 acres) parcel of land in the unincorporated Florence-Graham neighborhood of South Los Angeles. The property is zoned LAR3* which makes it suitable for residential development and not commercial. With an 100% affordable, or semi-affordable project the savvy developer will be able to take advantage of state and county density bonuses as well.
The seller owns three (3) contiguous parcels which are being offered as a packaged or can be purchased individually. This allows the flexibility of building a larger apartment complex, or something less complex on a smaller piece of land. This particular parcel is 8,323 SF or 0.19 acres.
This particular area is seeing a tremendous amount of building in the affordable sector. AMCAL housing, a premier affordable developer, just completed a 109-unit project at 1600 E. Florence and there are at least another 200+ units in the pipeline in the area.
Due to its proximity to retail centers, employment hubs and entertainment this site will be an ideal site for builders and tenants for years to come.
The seller owns three (3) contiguous parcels which are being offered as a packaged or can be purchased individually. This allows the flexibility of building a larger apartment complex, or something less complex on a smaller piece of land. This particular parcel is 8,323 SF or 0.19 acres.
This particular area is seeing a tremendous amount of building in the affordable sector. AMCAL housing, a premier affordable developer, just completed a 109-unit project at 1600 E. Florence and there are at least another 200+ units in the pipeline in the area.
Due to its proximity to retail centers, employment hubs and entertainment this site will be an ideal site for builders and tenants for years to come.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Apartment Units |
| Property Type | Land | Total Lot Size | 0.19 AC |
| Zoning | LCR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.19 AC |
| Zoning | LCR3 - Multiple Dwelling R2 Uses, Apartment Houses, Multiple Dwellings, Child Care (20 max) |
1 LOT AVAILABLE
Lot
| Price | $915,632 CAD | Lot Size | 0.19 AC |
| Price Per AC | $4,792,127.56 CAD |
| Price | $915,632 CAD |
| Price Per AC | $4,792,127.56 CAD |
| Lot Size | 0.19 AC |
PROPERTY TAXES
| Parcel Number | 6025-005-033 | Improvements Assessment | $0 CAD |
| Land Assessment | $33,127 CAD | Total Assessment | $33,127 CAD |
PROPERTY TAXES
Parcel Number
6025-005-033
Land Assessment
$33,127 CAD
Improvements Assessment
$0 CAD
Total Assessment
$33,127 CAD
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