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$ 1,800,000
Est. payment /mo
Active
512 Laconia Los Angeles, CA 90044
0.81 Acres Lot
UPDATED:
09/30/2024 06:51 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW23230495
HOA Y/N No
Lot Size 0.812 Acres
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 seller. Seller is flexible and willing to JV with a qualified developer.
Please feel free to reach out for more information or to discuss your unique development vision for this promising parcel.
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 seller. Seller is flexible and willing to JV with a qualified developer.
Please feel free to reach out for more information or to discuss your unique development vision for this promising parcel.
Location
State CA
County Los Angeles
Area 122 - Harbor Gateway
Zoning LAR3
Interior
Fireplace No
Exterior
Fence Block, Chain Link
Community Features Curbs, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Water Available
View Y/N No
View None
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 6132001020
Acceptable Financing Cash, Submit
Listing Terms Cash, Submit
Special Listing Condition Standard
Listed by Matthew Palanca • Keller Williams Realty • 888-456-5789