6510 S Main St - Main Street Development Site 0.24 Acres of Commercial Land Offered at £1,012,768 in Los Angeles, CA 90003
INVESTMENT HIGHLIGHTS
- Development Potential: Zoned C2-1VL-CPIO with a Tier 1 TOC designation, allowing for 50+ units using State Density Bonus Laws (AB2334, AB2345, AB1763)
- Features 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units, along with 19 automobile parking spaces and 30 bicycle parking spaces.
- Zoning: C2-1VL-CPIO zoning supports residential, commercial, and mixed-use projects.
- Previously RTI-approved for a 20-unit, 4-story mixed-use building with 18 market-rate units, 2 extremely low-income units, and 710 sq. ft.
- 10,402 sq. ft. lot (80’ x 130’ dimensions) in a rapidly growing neighborhood, with easy access to local amenities, public transit.
EXECUTIVE SUMMARY
PartnersCRE is pleased to present this exceptional 10,402-square-foot vacant lot in the heart of South Los Angeles. This property offers a unique opportunity for developers to meet the growing demand for residential, commercial, and mixed-use projects.
The property was previously RTI-approved for development, though the approvals have since expired. However, they can be renewed through an expedited process, providing a streamlined path to construction. The approved project features a 20-unit, 4-story mixed-use building with 18 market-rate units and 2 extremely low-income units, consisting of 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units. The development includes 710 square feet of commercial space, 19 automobile parking spaces, and 30 bicycle parking spaces, with a total gross area of approximately 14,828 square feet.
With C2-1VL-CPIO zoning and a Tier 1 Transit-Oriented Communities (TOC) designation, developers can take advantage of State Density Bonus Laws (AB2334, AB2345, and AB1763) to build 50+ units of affordable housing. Additionally, a preliminary design for a 54-unit, 100% affordable housing development has been completed, showcasing the site’s potential for higher-density residential use.
This parcel will be delivered vacant at closing and is ready for immediate development. Whether pursuing the approved 20-unit project or maximizing the site’s full potential, this lot provides an excellent foundation for a transformative project.
The property was previously RTI-approved for development, though the approvals have since expired. However, they can be renewed through an expedited process, providing a streamlined path to construction. The approved project features a 20-unit, 4-story mixed-use building with 18 market-rate units and 2 extremely low-income units, consisting of 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units. The development includes 710 square feet of commercial space, 19 automobile parking spaces, and 30 bicycle parking spaces, with a total gross area of approximately 14,828 square feet.
With C2-1VL-CPIO zoning and a Tier 1 Transit-Oriented Communities (TOC) designation, developers can take advantage of State Density Bonus Laws (AB2334, AB2345, and AB1763) to build 50+ units of affordable housing. Additionally, a preliminary design for a 54-unit, 100% affordable housing development has been completed, showcasing the site’s potential for higher-density residential use.
This parcel will be delivered vacant at closing and is ready for immediate development. Whether pursuing the approved 20-unit project or maximizing the site’s full potential, this lot provides an excellent foundation for a transformative project.
PROPERTY FACTS
| Price | £1,012,768 |
| Sale Type | Investment |
| Sale Condition | Development Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.24 AC |
1 LOT AVAILABLE
Lot 2 & 3
| Price | £1,012,768 |
| Price Per AC | £4,241,124.20 |
| Lot Size | 0.24 AC |
Prime commercial/residential lot on Main St. in South LA with high visibility and easy access to transit. From Downtown LA, take I-110 S, exit Slauson Ave east, then turn right on Main St. The lot is on the right past 65th St.
1 of 1
Walk Score®
Very Walkable (70)
Bike Score®
Very Bikeable (73)
ZONING
| Zoning Code | C2-1VL-CPIO |
