321-325 E Florence Avenue, Los Angeles, CA 90003

Listing agent Isaac Rosales License #01389408 Show Phone

Listing office Berkshire Hathaway H.S.C.P. i***@bhhscaprops.com 8141 E 2nd Street #110, Hacienda Heights, CA Show Phone

Listing date Jul 6, 2018

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MLS# DW18163101

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Overview

This offering includes two parcels for sale at 321 and 325 E Florence Avenue in Los Angeles, California. The property is presented for development consideration under C2 zoning with R4 allowed, including a building height limit of up to 45 feet and a 3:1 height relationship. The remarks indicate the site may support up to 17 units depending on the proposed size, room configuration, and parking layout.

The development concept referenced in the materials includes a parking-first approach, with parking for first-floor units and residential levels on the second and third floors, and possibly a fourth floor depending on the final design. The owner notes that development should be confirmed with a professional.

The site’s current operating status is also a factor for buyers to consider, as the property is currently being leased out to a car dealership. For developers and investors, the combination of two parcels and zoning that allows R4 concepts provides a practical framework to evaluate a multi-unit residential project, while the existing dealership lease may offer near-term income continuity during planning and entitlement discussions.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Gym & Fitness Center Building Supply Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.2687182

Latitude

33.9748833

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FAQs

What type of property is this?

Commercial land - Two adjacent parcels zoned C2 with R4 allowed for up to 45-ft development, currently leased to a car dealership.

Where is this commercial land located?

The property is located at 321-325 E Florence Avenue Los Angeles, CA.

What is the asking price?

The asking price for this property is $685,000.

What are key features of this property?

This property features: Two parcels for sale: 321 and 325 Florence Ave., Los Angeles, CA 90003; C2 zoning with R4 allowed; building height up to 45 ft (3:1 height); Zoning supports up to 17 units depending on design, room layout, and parking plan