6510 S Main Street, Los Angeles, CA 90003

$1,295,000 Approx. USD 0 beds, 0 baths

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Marketed By The Keaty Team

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Agent Remarks

We are 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.

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# 25516917

Price: $1,295,000

Beds: 0

Baths: 0

0.24 acres

Lot size: 0.2388

County: Los Angeles

Zoning: C2-1VL-CPIO

MLS area: C42 - Downtown L.A.