$ 1,599,000
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$1,599,000
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SqFt
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About the Listing X83092 - C137215
We are pleased to present a rare opportunity to break ground immediately on a fully entitled 22-unit apartment development in one of Los Angeles's most active growth corridors. Situated near the high-visibility corner of Florence Avenue and Crenshaw Boulevard in the burgeoning Hyde Park pocket, this vacant, shovel-ready site eliminates entitlement risk entirely and offers investors and developers a clear, immediate path to execution.The proposed 20,028 Sq.Ft. building is thoughtfully designed with a market-smart unit mix: 13 one-bedroom/one-bath and 9 two-bedroom/two-bath residences with spacious floor plans averaging 800 Sq.Ft. per unit, ideal for today's Los Angeles renter. The site sits on an 11,051 Sq.Ft. lot zoned R3 with a Tier 3 TOC Density Bonus, which is what makes the 22-unit count achievable and maximizes the return potential on this land. The location is a compelling part of the story. With a Walk Score of 70, tenants enjoy genuine, everyday walkability in a neighborhood that is attracting serious investment. The property is just minutes from Inglewood's booming entertainment district, home to SoFi Stadium, Intuit Dome, and the Kia Forum, three world-class venues that have fundamentally reshaped demand dynamics across the entire submarket. Proximity to the Crenshaw/LAX Metro Line further strengthens the property's long-term rental appeal. For a developer seeking a turnkey opportunity with no entitlement timeline, a proven unit mix, and a location riding one of the strongest demand tailwinds in Los Angeles County, 3520 W. Florence Avenue delivers on every front.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Vacant Land
MLS ®
26760519
Year Built
Total Square Footage
0
Lot/Acreage
0.25
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
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Exterior Details
- Lot Description: Corners Established,Curbs,Sidewalks,Single Lot,Street Paved,Tear Down On Lot,Value In Land
- Garage Capacity: N/A
- Zoning: LAR3 TOC Tier 3
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Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
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Payment Calculator
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Questions About..
3520 W Florence Ave Los Angeles, CA 90043
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