736 Vernon Ave Los Angeles, CA 90011

This exceptional 27,747 square foot lot presents a unique development opportunity in the heart of Southeast Los Angeles. Located at 736 E Vernon Ave, Los Angeles, CA 90011, this property boasts RD2-1 zoning, allowing for both 100% affordable housing or market-rate development. The site's designation as Low Medium II Residential under the General Plan, coupled with its Transit Oriented Communities (TOC) Tier 3 status, provides developers with significant density bonuses, reduced parking requirements, and other incentives. The property features approximately 96 feet of frontage and approximately 289 feet of depth. Its proximity to George Washington Carver Middle School (within 500 feet) and a Walk Score of 73 ("Very Walkable") further enhances its appeal. The existing single-family home, built in 1908, is situated on the lot. This location offers developers the chance to capitalize on the increasing demand for housing in a revitalizing area with excellent transit options. The property's APN is 5108-002-035. The asking price is $2,995,000. Potential for RD1.5 zoning via AB2334 exists.