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503 W Athens Blvd
Los Angeles, CA 90044
Terrain À vendre
·
0,63 AC
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Attractive Basis: Blended land cost of $44.16/SF, strong for South LA infill.
- Potential renovation for interim housing, supportive housing, substance abuse housing, re-entry programs, etc.
- Assembly Opportunity: Combined 27,206 SF of R3-1 land across contiguous parcels.
RÉSUMÉ DE L'ANNONCE
Kingside Investment Group is proud to present a development offering consisting of two adjacent parcels located at 503 W. Athens Boulevard (90044) and 12127 S. Figueroa Street (90061) in South Los Angeles. Together, the sites total 27,206 square feet of R3-1 zoned land with 4,753 square feet of existing improvements, making this a compelling redevelopment or long-term hold opportunity.
The combined purchase price is $1,199,000, reflecting a blended land basis of approximately $44.16 per square foot. Both parcels are ED1-eligible sites, offering the potential for an expedited entitlement and approval process, which can significantly reduce development timelines and execution risk.
With R3-1 zoning, minimal improvement value, and strong assembly fundamentals, the property is well positioned for a multifamily or affordable housing development. For the construction inclined buyer it could also be a reuse of the existing structure.
The combined purchase price is $1,199,000, reflecting a blended land basis of approximately $44.16 per square foot. Both parcels are ED1-eligible sites, offering the potential for an expedited entitlement and approval process, which can significantly reduce development timelines and execution risk.
With R3-1 zoning, minimal improvement value, and strong assembly fundamentals, the property is well positioned for a multifamily or affordable housing development. For the construction inclined buyer it could also be a reuse of the existing structure.
FAITS SUR LA PROPRIÉTÉ
1 LOT DISPONIBLE
Lot
| Prix | 1 650 891 $ CAD | Taille du lot | 0,62 AC |
| Prix par AC | 2 643 269,61 $ CAD |
| Prix | 1 650 891 $ CAD |
| Prix par AC | 2 643 269,61 $ CAD |
| Taille du lot | 0,62 AC |
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 936 606 $ CAD | |
| Évaluation du terrain | 1 498 611 $ CAD | Évaluation totale | 2 435 217 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
1 498 611 $ CAD
Évaluation des bâtiments
936 606 $ CAD
Évaluation totale
2 435 217 $ CAD
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