$4,000,000
824 164th Street, Gardena 90247
19,801
Lot Size
Listing Agent
Daniel Shamooelian - Keller Williams Beverly HillsWe are pleased to present for sale an excellent ED 1 TRIPLE LOT development opportunity located near the city of Gardena! While the 3 lots feature a Gardena address, the lots fall under city of LA 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 an alley = optimal for design efficiency and parking access! Per seller's architect, 170 units may be built on the 3 lots using ED 1 incentives = only $23,500/unit!!!! Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Current improvements include 2 duplexes and a triplex collecting $19,200/month in income = collect incredible income while going through the lengthy entitlement process. Close proximity to Torrance, Hawthorne, Lawndale, the 110 Freeway and more! Please do not disturb current occupants, interior inspection subject to accepted offer only. Contact listing agent for more details!
Facts & Features
MLS® # | 24376329 |
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Price | $4,000,000 |
Bathrooms | 0.00 |
Lot Size | 19,801 |
Type | Land |
Status | Active |
Community Information
Address | 824 164th Street |
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Area | 116 - North Gateway |
City | Gardena |
County | Los Angeles |
Zip Code | 90247 |
Amenities
View | None |
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Is Waterfront | No |
Has Pool | No |
Interior
Has Basement | No |
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Fireplace | No |
Additional Information
Date Listed | April 4th, 2024 |
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Days on Market | 29 |
Zoning | LAR4 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Daniel Shamooelian |
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Office | Keller Williams Beverly Hills |