87 Unit Affordable Housing - Nearing RTI 11936 S Central Ave Lot | Terrain commercial | 0,14 ha | À vendre | 1 289 722 € | Los Angeles, CA 90059

11936 S Central Ave, Los Angeles, CA 90059
Prime Corner Lot | LAC2 Zoning | Near-Approved 87-Unit Entitlement | Income-Producing
Property Overview:
An incredible opportunity to acquire a high-visibility corner commercial lot totaling 15,268 SF, located in a thriving and easily accessible area of Los Angeles. Zoned LAC2, the property is nearing approval for an 87-unit multifamily entitlement, offering excellent potential for future mixed-use or residential development.
Currently improved with two income-producing tenants occupying approximately 1,800 SF, the property generates $2,400 per month in rental income. Both tenants are on active leases, providing immediate cash flow for investors—or, if desired, the property can be delivered vacant for full redevelopment or owner-user use.
With approximately 13,468 SF of open land, the site offers outstanding flexibility and upside potential. Developers can collect income while completing the entitlement process, and owner-users can offset holding costs with existing rent revenue.
Entitlement Summary:
The property is nearing completion of entitlements for a proposed 87-unit multifamily project under LAC2 zoning. Preliminary plans and submittals have been initiated, providing a solid foundation for the next buyer to finalize approvals and advance directly to permitting. This advanced entitlement status offers a valuable time and cost advantage in today’s competitive Los Angeles market.