Commercial Zoned Development
1637 South Vermont Avenue Los Angeles, CA 90006
1637 South Vermont Avenue, Los Angeles, CA, 90006
$2,499,000
For Sale
$2,499,000
Vacant C2-2 commercial lot with an approved building envelope for a multi-story development.
Property Size12,754 SF
Price / SF$195.94
Days on Market158
Property Features for 1637 South Vermont Avenue
General Information
- Standard status
- Active
- Size
- 12,754 SF
- Property subtype
- Land Lot
Listing agency
Dream Realty & Investments Inc
(213) 550-9009
Listed by
Elijah Shin · License #01358906
(213) 550-9009
Source
Compass
Added: Feb 15 Updated: Jul 23 at 2:58AM Checked: Jul 23 at 2:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dream Realty & Investments Inc
Investment Insights
Based on property information with market context.
This offering is a vacant commercial lot zoned C2-2, sized at approximately 12,750 square feet, with a stated maximum building envelope of 57,461 square feet for a multi-story structure. The property is positioned for development subject to applicable approvals and the allowable envelope described in the listing.
The lot is located along Vermont Avenue between Venice Boulevard and Washington Boulevard, in a highly active, densely populated Los Angeles area. The listing notes significant vehicular and pedestrian activity and proximity to Downtown Los Angeles, with the surrounding area influenced by the Koreatown community.
Per the provided remarks, the site is presented as a development opportunity aligned with MIIP (Mixed Income) or AHIP (Affordable Housing) incentive programs, targeting 71 units or 93 units within the maximum building envelope, respectively. Please review all program requirements and entitlement conditions with the appropriate local authorities and advisors.
The lot is located along Vermont Avenue between Venice Boulevard and Washington Boulevard, in a highly active, densely populated Los Angeles area. The listing notes significant vehicular and pedestrian activity and proximity to Downtown Los Angeles, with the surrounding area influenced by the Koreatown community.
Per the provided remarks, the site is presented as a development opportunity aligned with MIIP (Mixed Income) or AHIP (Affordable Housing) incentive programs, targeting 71 units or 93 units within the maximum building envelope, respectively. Please review all program requirements and entitlement conditions with the appropriate local authorities and advisors.
Key Highlights
- Vacant C2‑2 commercial zoned lot totaling 12,750 SF
- Approved maximum building envelope of 57,461 SF for a 6‑floor structure
- Development potential for 71 units with MIIP (Mixed Income) or 93 units with AHIP (Affordable Housing)
Property Analytics
Location Intelligence
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FAQs
What type of property is this?
Commercial land - Vacant C2-2 commercial lot with an approved building envelope for a multi-story development.
Where is this commercial land located?
The property is located at 1637 South Vermont Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,499,000.
What are key features of this property?
This property features: Vacant C2‑2 commercial zoned lot totaling 12,750 SF; Approved maximum building envelope of 57,461 SF for a 6‑floor structure; Development potential for 71 units with MIIP (Mixed Income) or 93 units with AHIP (Affordable Housing)
