Description
REO. This property has gone back to the lender and must be sold. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqftbuilding on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopmentopportunity located directly in the path of growth and redevelopment! 20 units going up 3 doors north, 19 units finishing up three blocks south atSWC of 112th & Main on a smaller corner lot. Zoned C2, which should also allow for R4 uses but Buyer/Buyer's agent to independently verify withall necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use andDevelopment Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide for DensityBonuses for a higher number of housing units to be built. BEST location on Main Street and 2 blocks from 108th St. police station (SoutheastCommunity Station), 1 block from Fire Dept. May have previously been used for retail, a welding shop, and a church. Utilities do not appearoperable and Seller will not establish any utility services during its ownership as it is their intent to sell this as a land value deal. Tons of parkingwith access from both E. 109th Place and the alley. Looks like you could fit 15-20 cars in back. Only access into the building itself is at the rear asits entrance on Main Street was sealed off, making it super secure if someone wants to start a business there in the existing structure. Last sold 2yrs ago for $850k. Seller will also consider a lease, call listing agent for details.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
REO. This property has gone back to the lender and must be sold. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqftbuilding on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopmentopportunity located directly in the path of growth and redevelopment! 20 units going up 3 doors north, 19 units finishing up three blocks south atSWC of 112th & Main on a smaller corner lot. Zoned C2, which should also allow for R4 uses but Buyer/Buyer's agent to independently verify withall necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use andDevelopment Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide for DensityBonuses for a higher number of housing units to be built. BEST location on Main Street and 2 blocks from 108th St. police station (SoutheastCommunity Station), 1 block from Fire Dept. May have previously been used for retail, a welding shop, and a church. Utilities do not appearoperable and Seller will not establish any utility services during its ownership as it is their intent to sell this as a land value deal. Tons of parkingwith access from both E. 109th Place and the alley. Looks like you could fit 15-20 cars in back. Only access into the building itself is at the rear asits entrance on Main Street was sealed off, making it super secure if someone wants to start a business there in the existing structure. Last sold 2yrs ago for $850k. Seller will also consider a lease, call listing agent for details.
Based on information from California Regional Multiple Listing Service, Inc. as of 2024-09-07T13:33:44.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Mainstreet Realtors®. Licensed in the State of California, USA.