$ 1,599,000
-
$1,599,000
Price -
0.25
Acre
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About the Listing CLW-X83092 - CLW-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 for 3520 W Florence Ave
Interior Details
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Exterior Details
- Lot Description: Corners Marked,Value In Land,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR3 TOC Tier 3
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Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 4012029029
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
3520 W Florence Ave Los Angeles, CA 90043
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