Property listed by Global Capital Advisors, Inc., Gary Mkrtichyan 818-939-8855
$1,099,000
Exceptional Redevelopment Opportunity – LAC Zoned | Two Parcels | Prime Investment Potential
Unlock the potential of this rare redevelopment opportunity in Los Angeles—a good affordable housing development play. This LAC-zoned property consists of two adjoining parcels totaling 9,597 SF, currently improved with a former motel featuring two single-story buildings, approximately… Read More 3,038 SF of existing structure, and 12 on-site parking spaces.
The property presents a blank canvas for investors, developers, and visionaries seeking to reposition or redevelop in a high-demand market. With flexible LAC zoning and substantial lot size, the site offers significant upside potential for a variety of future uses (buyer to verify).
The City of Los Angeles has issued an Order to Vacate and Secure, and land use privileges for motel operations have been revoked pending required clearances and permits from the LA Department of City Planning and LADBS.
This is an opportunity to acquire a value-add asset priced for redevelopment — ideal for those ready to reimagine and revitalize.
Buyer to conduct their own due diligence regarding zoning, permits, and redevelopment potential. Read Less
Listing Snapshot
Days Online
0
Last Updated
Property Type
HotelMotel
Square Ft.
3,038
Lot Size
0.22 Acres
Year Built
1941
MLS Number
GD26040096
Additional Details
Building
Built in 1941, 2 buildings, 1 storey, Entry level: 1
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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