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Giovanni Ruiz DRE Lic#02028392

gioruizrealestate@gmail.com +1(760) 522-1433

$ 1,150,000

Est. payment | -/mo

5 Beds

3 Baths

1,980 SqFt

Save

$ 1,150,000

Est. payment | -/mo

Save

5 Beds

3 Baths

1,980 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 1,980 sqft

Price per Sqft $580

MLS Listing ID 26868891

Bedrooms 5

HOA Y/N No

Year Built 1950

Lot Size 6,821 Sqft

Lot Dimensions Assessor

Property Description

Rare Westchester land/redevelopment opportunity in one of LA's most active TOC Tier 3 corridors. Single-story triplex on a 6,822 SF LAR3 lot, directly adjacent to a fully-permitted, under-construction 77-unit multifamily development, active proof of this pocket's density-bonus potential. Zoned LAR3, TOC Tier 3, within a Transit Priority Area and High Quality Transit Corridor. Ideal for a developer evaluating this corridor's redevelopment potential. The next door neighbor/owner has also indicated interest in selling his triplex as a package, which would make a combined 13,655 square foot lot. This is a land/entitlement play; pricing reflects the site's TOC Tier 3 density-bonus potential, not the existing triplex. Adjacent parcel to the north (9020 Reading) same tract, nearly identical lot size and zoning is owned by a confirmed, motivated seller. This creates a credible, near-term assemblage path for a buyer pursuing greater density under the neighborhood's TOC Tier 3 / density bonus framework see the 77-unit project currently under construction one parcel south (9030/9038 Reading) as a real precedent for what this corridor supports. RSO applies to subject; City data indicates a likely SB 330 replacement-housing consideration on any redevelopment scenario buyers should have counsel review before finalizing offers contingent on that path. Airport height overlay caps redevelopment at 100' above elevation 111. See TOC/density bonus eligibility flags (SB 9, SB 35, SB 79, SB 684) noted in listing file. Seller open to all reasonable offers. Property will NOT be delivered vacant. Sold as is with no repairs or termite. DISCLAIMER: All zoning, entitlement, density bonus/TOC, adjacent ownership/seller intent, adjacent construction, rent control, replacement housing, and other regulatory or factual information referenced herein is provided for informational purposes only, derived from third-party/public sources not independently verified by listing broker or seller, and not warranted as accurate or current.

Location

State CA

County Los Angeles

Area C29 - Westchester

Zoning LAR3

Interior

Cooling None

Fireplaces Type None

Fireplace No

Appliance Gas Oven, Refrigerator

Laundry None

Exterior

Parking Features Detached Carport

Garage Spaces 2.0

Garage Description 2.0

Pool None

View Y/N No

View None

Roof Type Composition,Shingle

Total Parking Spaces 2

Private Pool No

Building

Faces West

Story 1

Entry Level One

Sewer Sewer Tap Paid

Water Public

Architectural Style Mid-Century Modern

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 4125011025

Acceptable Financing Cash

Listing Terms Cash

Financing Cash

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Derrick Ruiz eXp Realty of Greater Los Angeles #00919713

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+1(760) 522-1433

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9024 Reading AVE Los Angeles, CA 90045