10950 S Main St
Los Angeles, CA 90061
Great opportunity to redevelop to a large or small multi-family residential project.
Sales Price $549,000
Beds
0
Baths
0
Home Size
Sq. Ft.
Lot Size
7027 Sq. Ft.
Great opportunity to redevelop to a large or small multi-family residential project.
Previous owner prior to foreclosure said approved for 25 units in his listing, Buyer to independently verify. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopment opportunity located directly in the path of growth and redevelopment. Per LADBS records there's 20 units going up 3 doors north at 10914 S Main Street and 19 units just finished three blocks south at SWC of 112th & Main on a smaller corner lot. Or just build a small handful of units + ADUs like at the corner of E. 110th, probably a lot cheaper and faster to push through the city. Zoned C2, which should allow for R4 uses but Buyer/Buyer's agent to independently verify with all necessary City of LA agencies. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide Density Bonuses for a higher number of housing units to be built. 2 blocks from 108th St. police station (Southeast Community Station), 1 block from Fire Dept. Utilities do not appear operable and Seller will not establish any utility services during its ownership as it is their intent to sell this as a land value deal. Tons of parking with access from both E. 109th Place and the alley. Looks like you could fit 15-20 cars in back. Only access into the building itself is at the rear as its entrance on Main Street was sealed off, making it super secure if someone wants to start a business there in the existing structure. Last sold July 2022 for $850k.
This home located at 10950 S Main ST is currently pending and has been available on pardeeproperties.com for 57 days. This property is listed at $549,000. It has 0 beds and 0 bathrooms. 10950 S Main ST is in the Metropolitan South community of Los Angeles County.
Quick Facts
- 57 days on market
- Total parking spaces Car
- Community | Metropolitan South
- MLS# | SB24244777MR
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