6321 11th Avenue, Los Angeles CA, 90043
(Active)
$1,499,000
|
|
MLS# 24376767
Last Updated: 5/7/2024 5:01 PM
Description for
6321 11th Avenue
Los Angeles, CA 90043
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, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and a redevelopment project. Preliminary plans 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. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). 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!
Price
$1,499,000
Los Angeles
24376767
Active
Description
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, retail and apartment buildings nearby. This is an investors and developers delight with endless opportunities and options as a fixer, tear down and a redevelopment project. Preliminary plans 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. There is also an option to do a market rate project with retail at the bottom, 10 Townhomes plus two ADUS (4 duplexes) or add ADUS and remodel the existing units (buyer to verify all with architect). 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!
Listing Information
| Property Type: Land, Other | ||
| 0.26 Acres | ||
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
LAR3
Driving Directions
Off on Crenshaw Blvd and 63rd Street, on 11th Avenue
Financial Considerations
| 4006010011 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90043 has a population of 3,956,168.
The median household income in Los Angeles, California 90043 is $57,043. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90043 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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| No information is available for recently sold properties within this search. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 4/5/2024 | Active | $1,499,000 USD 30.35% |
|
| 4/2/2024 | Sold | $1,150,000 USD | public records |
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $6,452 USD | 4.54% | $494,861 USD | 2.00% |
| 2022 | $6,172 USD | 1.43% | $485,159 USD | 2.00% |
| 2021 | $6,085 USD | -0.90% | $475,647 USD | - |
| 2020 | $6,140 USD | 3.86% | $475,647 USD | 1.04% |
| 2019 | $5,912 USD | 3.03% | $470,771 USD | 2.00% |