Family-owned and meticulously cared for more than 30 years, the gated compound features a 1930 Spanish nine-plex (8 1bd/1ba plus one studio) and the separately gated 1993 2,300-sqft 3-bed/3-bath Single Family Residence with 4-car garage in back of parcel generate a scheduled $199,518 NOI-ready rent roll. Eight additional secure garages… Read More and a broad drive aisle invite ADU conversions. The 19,030-sqft C2 / TOC-Tier 2 Opportunity-Zone lot provides outsized development upside just .9 miles from Fairview Heights K-Line and 1.5 mi from SoFi Stadium, Intuit Dome and Kia Forum. Tier 2 bonuses may accommodate roughly 40 units on a podium footprint, translating to sub-$75k land cost per future door and a coveted Opportunity-Zone timetable for potential capital-gains deferral. Backstopped by Crenshaw dirt comps north of $150/sqft, surrounded by billions in public and private investment, and powered by transit that funnels tenants from LAX, Silicon Beach and USC, this asset is the quintessential cash-flowing covered land with three distinct exit ramps, ADU infill, voucher-driven rent lifts, or full mixed-use redevelopment each poised to deliver outsized returns. Read Less
Property listed by Rodeo Realty - Pacific Palisades, James Respondek 310-566-4400
Listing Snapshot
Days Online
53
Last Updated
Property Type
Other
Beds
11
Square Ft.
8,300
Lot Size
0.44 Acres
Year Built
1930
MLS Number
25530205
30 Days Snapshot Of 90043
$1.02M
+2%
(avg) sold price
24
+100%
homes sold
73
+15%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1930, Building area total: 8,300, Levels: Two, Living area: 8300, 2 stories, 2 buildings
Garage
13 spaces
Income
Gross income: $199,518, Net operating income: $105,307
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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