An exceptional opportunity to acquire a high-visibility corner commercial lot totaling 15,268 SF in a thriving and easily accessible Los Angeles location. This property combines immediate income potential with strong long-term development upside, making it ideal for investors, developers, and owner-users.Currently improved with two income-producing tenants occupying approximately 1,800 SF and generating $2,400 per month, the property delivers steady cash flow while plans advanceor can be delivered vacant for full redevelopment. If the new owner elects to lease the property, there are qualified tenants ready to step in, offering seamless occupancy and immediate income continuity.A major value-add highlight: the site is approximately 60% RTI (Ready-To-Issue) for permits to construct a 4-story, 87-unit apartment building designed for supportive housing. With significant progress already completed, this project offers a head start toward groundbreaking and positions the next owner to meet growing community housing needs while capturing substantial development potential.With roughly 13,468 SF of open land remaining, this property provides outstanding flexibility, visibility, and long-term upside. Developers can leverage existing income during the entitlement and permitting phases, while owner-users can offset holding costs or reposition the site for their own vision.

Listing courtesy of Omar Morales Hurtado of Realty Group Advisors

Based on information from the The MLS as of 2026-04-29 05:02 AM UTC. 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.