7234 S LA Cienega Blvd, Inglewood, California, United States

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Home For Sale

$5,999,950

7234 S LA Cienega Blvd
Inglewood, California, United States

28bd 26ba

Listed By: Realtyww Info

Listed On: 08/21/2024

Listing ID: GL11538850 View More Details

Description

7234 S La Cienega Blvd and 811 Austin Ave are a wonderful opportunity to purchase a corner lot (two parcels totaling 33, 173 sqft ), priced at only $180/sqft (lot size). Take advantage of this future development opportunity while collecting income - offset cost of development! Build 30 units by right or up to 60 units using affordable housing density bonuses. The buildings are composed of 18 units with a mix of (8) 2Bed+2Bath+Den, (2) 2Bed+1Bath and (8) 1Bed+1Bath units. 811 Austin Ave is an eight unit building currently collecting $20, 210/gross monthly. Beneficial to the new buyer, the subject properties are located 10 minutes away from the brand new SoFi Stadium, Intuit Dome, Kia Forum and Hollywood Park Development. Build in one of the fastest growing pockets in Los Angeles! Buyer to confirm information

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Listed by: Michael Padilla