Land
FOR SALE
FOR LEASE
8802-8810 S. Central Avenue
Los Angeles, CA 90002
Sale Price
$850,000
Lease Price
$5,500/Month
Building Size.
3,000 SF (Cold Shell Condition)
Lot Size
12,014 SF
ABOUT THE PROPERTY
Maher Commercial Realty is pleased to present this unique opportunity to purchase or lease an +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1. A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus or up to 85 units under ED1. This is a very good value at $10,000 per buildable door and $70.75 per Sq.Ft. on land. There is a +/-3,000 Sq.Ft. building on the site in cold shell condition. The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process. Conveniently located at the corner of S. Central Avenue and 88th Street in South Los Angeles.
Located one block from an upcoming 119 unit affordable housing project by Abode Communities.
Seller financing is available.
Available for lease at $5,500 per month. Property uses include recycling center, tow yard, vehicle storage, property storage, auto service, auto body work, construction equipment storage, tire supplier, community services.
The Seller currently has a clean Phase II from the year 2024 on file. The site is comprised of three APN’s: 6043-004-014, 6043-004-015 and 6043-004-016.
The property consists of a large lot with several vacant buildings. This site offers a savvy investor or developer a wide variety of options, from building a 85 unit residential building to leveraging the flexible C2 zoning and developing a commercial property on the site.
Great location just three blocks south of Firestone Blvd. and Central Avenue. This intersection is a main retail corridor offering national brands like KFC, Taco Bell, Family Dollar, Church’s, and Burger King, to local services like laundry, auto parts, florist, barbershop, mobile phone provider, and a church.
DEVELOPMENT SUMMARY
Purchase Price:
Lease Rate:
Lot Size Sq.Ft.:
Building Size:
Building Condition:
Price Per Sq.Ft. (Land):
Zoning:
Toc Tier:
Number of Units Using TOC:
ED1 Eligible:
Price Per Buildable Door:
Clean Phase II:
APN’s:
$850,000 Seller Financing Available
$5,500/Month
±12,014 Sq.Ft.
±3,000 Sq.Ft.
Cold Shell Condition
$70.75
C2-1VL-CPIO
1
47 Units
Yes Build up to 85 Units
$10,000
Yes
6043-004-014
6043-004-015
6043-004-016
PROPERTY FEATURES
The subject site is eligible for ED1 as a 100% affordable project, allowing a developer to build 85 units at $10,000 per door
+/-12,014 square foot lot zoned C2-1VL-CPIO
The site is available for sale at $70.75 per square foot
Seller financing is available
Located at the corner of S. Central Avenue and 88th Street in South Los Angeles
The Seller currently has a clean phase 2 from the year 2024 on file
Available for lease at $5,500 per month. Property uses include recycling center, tow yard, vehicle storage, property storage, auto service, auto body work, construction equipment storage, tire supplier, community services.
A developer can build up to 85 units on the site
The subject site is in a TOC Tier 1 zone, allowing for a 50% density bonus
Build an 85 unit residential building or leverage the flexible C2 zoning and developing a commercial property on the site
The city of Los Angeles has declared a state of emergency around homelessness and has pledged a streamlined entitlement and permitting timeline for 100% affordable projects.
No parking is required for 100% affordable projects.
Three blocks south of Firestone Blvd. and Central Avenue
Main retail corridor offering national brands like KFC, Taco Bell, Family Dollar, Church’s, and Burger King, to local services like laundry, auto parts, florist, barbershop, mobile phone provider, and a church.
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