6321 11Th Avenue, Los Angeles, CA 90043

• Sold Price : $1,300,000
• Beds : N/A
  
• Baths :
  
• Property Size : N/A sqft
  

Property Description

6321 11th Ave is a fully Vacant Triplex zoned LAR3, 11,363 square feet lot TOC Tier 3 in a highly invested and gentrifying area surrounded with many brand new construction mixed-use, commercial, and apartment buildings nearby. Plans, survey and proposed conceptual drawings are available to do an 100% Affordable housing ED-1 project of a 63 unit 4 Story building(Type V lower construction costs), 5 story 77 unit building or up to a 7 story 107 unit building(buyer to verify all with architect).There are several properties close by that are in plan check for an 100% Affordable ED-1 project and this area is rapidly growing. Very rare to find a fully vacant lot with this lot size close to LAX, walking distance to the train station, Inglewood and the stadium. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and redevelopment project. There is also an option to do a market rate project, 10 Townhomes plus two ADUS (4 duplexes) or add adus and remodel the existing units. The existing structure consists of (3) 2 bedroom 1 bath units. The property is in the City of Los Angeles jurisdiction and is ED-1 eligible with, AB 2345 and AB 2097 qualified and minutes to Inglewood's new Sofi Stadium, the new Clippers Intuit Dome Stadium, Hollywood Park, Kia Forum , and so much more! The City of Los Angeles recently bought a 41 unit building nearby for $17.2 million for supportive housing so this area is rapidly booming. There are two sold comps with the same lot size that sold for $1.5 million, one of which is listed currently for $2 million after submitting for vesting!

Interior Features

Listing Information

Listing information courtesy of: Daniel Lalezari, Keller Williams Hollywood Hills. *Based on information from the Association of REALTORS/Multiple Listing as of Sep 12th, 2024 at 4:25 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.