Entitled Apartment Development
3520 W Florence Avenue, Los Angeles, CA 90043
For Sale
$1,599,000
Shovel-ready 22-unit apartment development site in Los Angeles.
Property SizeContact for details
Lot Size0.25 Acres
Days on Market203
Property Features for 3520 W Florence Avenue
General Information
Standard status
Lot size
Property subtype
Site & Location
Neighborhood
Listing Agency:
Maher Commercial Realty
Listed By:
Oron Maher · License #01299093
(415) 378-5464
Source:
Archetyperealty
Added: Apr 20
Changed: Nov 5
Last Checked: Nov 6 at 5:16PM
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
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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
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Location Intelligence
Trade Area within ½ mile
786
Businesses Nearby
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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
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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 Avenue 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.
