New Construction
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
Visits
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of August 10, 2022 11:44 PM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
