2637 S Longwood AVE, Los Angeles, CA 90016
2637 S Longwood AVE, Los Angeles, CA 90016
2637 S Longwood AVE, Los Angeles, CA 90016
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$799,000
Est. payment /mo
5,100 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26926753

HOA Y/N No

Lot Size 5,100 Sqft

Property Description

SIGNIFICANT PRICE REDUCTION! Exceptional development opportunity in the rapidly evolving West Adams neighborhood of Los Angeles. Offered at just $799,000, this approximately 5,098 SF lot comes with Ready-to-Issue (RTI) plans for the construction of a modern four-unit residential development totaling approximately 5,315 SF. The thoughtfully designed project offers an attractive opportunity for developers and investors seeking to capitalize on the area's strong rental demand and continued revitalization. With projected annual gross rental income of approximately $222,000 upon completion, the development presents compelling long-term income potential. The property is ideally situated near Culver City, Mid-City, major employment centers, restaurants, shopping, and transportation corridors, offering convenient access to some of Los Angeles' most desirable destinations. At approximately $150 per proposed buildable square foot, the newly reduced price offers an attractive entry point for developers looking to bring a multifamily project to life in a centrally located Los Angeles neighborhood. Buyer to independently verify all plans, approvals, permit requirements, development potential, construction costs, and projected rental income.

Location

State CA

County Los Angeles

Area C16 - Mid Los Angeles

Zoning LAR2

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5049004007

Special Listing Condition Standard

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Listed by Daniel Shamooelian Keller Williams Beverly Hills #01984269

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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2637 S Longwood AVE

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