7111-7135 Lindley Ave, Los Angeles, CA 91335

Listing office Roger Perry Group

Listing date Sep 21, 2022

Source Crexi

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Overview

This 55,112-square-foot property is zoned C2, with a zoning change expected to be completed in a few months, potentially allowing for various uses such as multifamily housing, storage facilities, or mixed-use developments. Interested parties should verify permitted uses with the Los Angeles Department of Building and Safety (LADBS). The seller has initiated the entitlement process for a senior living project, planning for approximately 150 units and including cafeteria and common area spaces. The seller is open to carrying the note for up to two years at a 6.0% interest rate with a $1,000,000 upfront payment, terms are negotiable.

Suggested Use

Real Estate Agency Law Firm Hotel & Motel Bar & Pub Gym & Fitness Center Skin Care Clinic Veterinary Clinic Bed & Breakfast Parking Lot & Garage Shopping Center & Mall

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

-118.52749

Latitude

34.19973

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FAQs

What type of property is this?

Commercial land - Large lot suitable for multifamily, storage, or mixed-use development.

Where is this commercial land located?

The property is located at 7111-7135 Lindley Ave Los Angeles, CA.

What is the asking price?

The asking price for this property is $8,950,000.

What are key features of this property?

This property features: C2 zoning change to be completed soon, allowing for various uses.; Seller financing available for up to 2 years at 6.0% with $1.0M down.; Entitlement process started for a senior living project with cafeteria/common area spaces.