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    23298 Western Ave Los Angeles, CA 90710

    Sponsored
    For Sale
    $1,800,000

    Prime R-3 Residential Lot, 42,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 42,295 square foot residential lot presents a remarkable development opportunity in Los Angeles' Harbor City. Located at 23298 S Western Ave, zip code 90710, this property boasts a highly desirable LAR3 zoning designation, allowing for the construction of up to 52 multi-family units. Situated on a prominent corner lot along Western Avenue, a major thoroughfare experiencing over 32,000 cars daily, this site offers unparalleled visibility and accessibility. The location provides convenient access to key amenities, including Kaiser Permanente South Bay and Los Angeles Harbor College, further enhancing its appeal. Its proximity to the 110 Freeway ensures seamless connectivity to the broader Los Angeles area. This infill development site represents a unique chance to capitalize on the strong demand for housing in this thriving community. The asking price for this exceptional property is $1,800,000. Serious inquiries only.

    Property Features for 23298 Western Ave

    General Information

    Property type
    Land

    HighLights

    • R‑3 zoning allows for up to 52 multi‑family units.
    • High‑traffic location with over 32,000 cars daily.
    • Close proximity to Kaiser Permanente South Bay and Los Angeles Harbor College.
    • Excellent access to the 110 Freeway.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

    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
    -118.3084067
    Latitude
    33.8144954

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    FAQs

    What type of property is this?
    Land - Prime R-3 Residential Lot, 42,295 SF
    Where is this land located?
    The property is located at 23298 Western Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: R-3 zoning allows for up to 52 multi-family units.; High-traffic location with over 32,000 cars daily.; Close proximity to Kaiser Permanente South Bay and Los Angeles Harbor College.
    (310) 710-3829
    Request Owner's contact information
    23298 Western Ave Los Angeles, CA 90710
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    Los Angeles, CA 90710
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    23298 Western Ave Los Angeles, CA 90710
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