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New Construction
Listing Provided Courtesy Of:
Daniel Shamooelian with BRC Advisors- BH - 310-651-1800
Address
824 W 164Th Street, Gardena, CA
Price
$ 3,700,000
Property Attributes
  • MLS#22158161
  • TypeLand
  • CountyLOS ANGELES
  • CityGardena
  • AreaNorth Gateway
  • Zip90247
  • Style
  • Price$ 3,700,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.454568 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

PRICE REDUCED! We are pleased to present for sale a super rare TRIPLE LOT R4 development opportunity located near the city of Gardena! While the 3 lots feature a Gardena address, the lots fall under city of Los Angeles zoning = more favorable towards development!! Zoned LAR4-1, the site includes three APNs owned by a single owner: 6120-018-028, 029, 030 and is situated on a FLAT corner lot with alley = Optimal for design efficiency and parking access! Highest & Best Use of the site with R4 zoning: Land (19,801 sqft) + 1/2 Alley (1,500 sqft) = 20,626 sqft / 400 = 51 units buildable by right + 35% bonus which allows for a maximum of 71 units to be built using the Density Bonus program (only ~$52,000/door using Density Bonus). No Q-conditions or Specific Plans with this site!! Current improvements include 2 duplexes and a triplex, 6 of the 7 units are currently tenant occupied. Close proximity to Torrance, Hawthorne, Lawndale, the 110 Freeway and more! This site also has excellent potential for an Affordable Housing Development!! Recent state legislation incentivizes density bonuses with reduced parking requirements for affordable housing sites. Do not miss this opportunity to build in Gardena on a site that features one of LA's most attractive multifamily zoning designations! Current monthly income from the 6 units is approximately $17,250/month = collect decent income while going through the lengthy entitlement process. Please do not disturb current occupants, interior inspection subject to accepted offer only. Contact listing agent for more details!

Price History
5/23/2022 Listed $3,900,000
6/21/2022 6% - $3,700,000

General Features

Listing Agent Daniel Shamooelian - BRE#01984269
Listing Agent State License 01984269
Lot Size Square Feet 19801
MLS Area 116 - North Gateway
Property Type Land
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
View None
Zoning LAR4

Exterior Features

Lot Dimensions 165 x 120
Lot Size Acres 0.4546
Lot Size Area 19801
Lot Size Source Estimated
Lot Size Units Square Feet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 90247

Price
AVG $2.06M
$3.7M
Visits
AVG 53
49
Walkscore
AVG 78
82
Data Provided by Walkscore ® not using MLS data

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