Entitled Apartment Development
For Sale
$1,599,000
3520 W Florence, Los Angeles, CA 90043
Shovel-ready 22-unit apartment development site in Los Angeles.
Property SizeContact for details
Lot Size0.25 Acres
Days on Market112
Property Features for 3520 W Florence
General Information
Standard status
Active
Lot size
0.25 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
MAHER COMMERCIAL REALTY
(310) 464-1453
Listed By:
ORON MAHER · License #01299093
Source:
Corcoran
Added: Apr 20
Changed: Aug 8
Last Checked: Jul 16 at 7:29AM
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 MAHER COMMERCIAL REALTY
Investment Insights
Based on property information with market context.
This is a fully entitled 22-unit apartment development opportunity situated near the corner of Florence Avenue and Crenshaw Boulevard in the Hyde Park area of Los Angeles. The vacant, shovel-ready site eliminates entitlement risk. The proposed building is 20,028 square feet and features a unit mix of 13 one-bedroom/one-bath and 9 two-bedroom/two-bath residences. The units have floor plans averaging 800 square feet per unit. The site sits on an 11,051 square foot lot zoned R3 with a Tier 3 TOC Density Bonus. The location has a Walk Score of 70. The property is located minutes from Inglewood's entertainment district, home to SoFi Stadium, Intuit Dome, and the Kia Forum. Proximity to the Crenshaw/LAX Metro Line strengthens the property's long-term rental appeal.
Key Highlights
- Shovel‑ready site: start construction immediately on a 22‑unit apartment building.
- Prime location: Near Florence Avenue and Crenshaw Boulevard in the rapidly growing Hyde Park area.
- Booming entertainment district** with proximity to SoFi Stadium, Intuit Dome, and the Kia Forum.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,354
Businesses Nearby
Explore this area
Business Placement
Demographics for 90043, CA
46,179
Population
18,307
Households
2.5
Avg Household Size
41
Median Age
31%
College-Educated
85%
High-School Grad
4.1 sq mi
ZIP Area
11,263
Density / Sq Mi
$65,496
Median Household Income
$42,077
Median Earnings
$1,424
Median Rent
$867,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Shovel-ready 22-unit apartment development site in Los Angeles.
Where is this residential land & home lot located?
The property is located at 3520 W Florence Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,599,000.
What are key features of this property?
This property features: Shovel‑ready site: **start construction immediately** on a 22‑unit apartment building.; Prime location: Near Florence Avenue and Crenshaw Boulevard in the rapidly growing Hyde Park area.; Booming entertainment district** with proximity to SoFi Stadium, Intuit Dome, and the Kia Forum.
