Build up to 57± Units - By Metro K Line - No RSO

Highlights:

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

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.

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