$795,000
$355K PRICE DROP

Estimated payment $4,410/month

Total Views 14,814
0.09 Acre
$8,603,896 Price per Acre
12,014 Sq Ft Lot

About This Lot

The subject site is eligible for ED1 as a 100% affordable project, allowing for a streamlined entitlement and permitting process and the ability to build 85 units at $9,352 per door. Motivated Seller. Ownership will consider all reasonable offers. Seller has a clean phase 2 environmental report on file. Located one block from an upcoming 119 unit affordable housing project by Abode Communities. We are pleased to present this unique opportunity to purchase an +/-12,014 square foot lot zoned C2-1VL-CPIO TOC Tier 1. There is a +/-3,000 Sq.Ft. building on the site in cold shell condition. Conveniently located at the corner of S. Central Avenue and 88th Street in South Los Angeles. A developer can build up to 47 units on the site using the TOC menu, allowing for a 50% density bonus. This is a very good value at $16,914 per buildable door, $66.17 per Sq.Ft. on land and a clean Phase II on file. The site is comprised of three APN's: 6043-004-014, 6043-004-015 and 6043-004-016. The property consists of a large lot with several vacant buildings. This site offers a savvy investor or developer a wide variety of options, from building a 47 unit residential building to leveraging the flexible C2 zoning and developing a commercial property on the site. Great location just three blocks south of Firestone Blvd. and Central Avenue. This intersection is a main retail corridor offering national brands like KFC, Taco Bell, Family Dollar, Church's, and Burger King, to local services like laundry, auto parts, florist, barbershop, mobile phone provider, and a church. Seller has a clean phase 2 environmental report on file. The site is comprised of three APN numbers 8802 S. Central (6043-004-014), 8806 S. Central (6043-004-015) and 8810 S. Central (6043-004-016).

Listing Agent

Oron Maher

Maher Commercial Realty License #01299093 Listed on: 05/28/2025

Maher Commercial Realty

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $1,038

Lot Details

  • 12,014 Sq Ft Lot
  • Property is zoned LAC2

Listing and Financial Details

  • Assessor Parcel Number 6043-004-016

Property Details

Property Type

Land

Est. Annual Taxes

$1,038

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.0924
  • Number Of Photos: 18
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • Public Street: Yes
  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 6043-004-016
  • Lot Location: Alley Access
  • Lot Size Area: 12014
  • Potential Usage: Tire shop, Car or truck storage, Equipment storage, Recycling center

Map

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $1,038 $204,000 $204,000 --
2024 $1,038 $28,061 $10,544 $17,517
2023 $1,029 $27,512 $10,338 $17,174
2022 $1,003 $26,974 $10,136 $16,838
2021 $974 $26,446 $9,938 $16,508
2019 $955 $25,664 $9,645 $16,019
2018 $857 $25,161 $9,456 $15,705
2016 $786 $24,187 $9,090 $15,097
2015 $776 $23,825 $8,954 $14,871
2014 $783 $23,359 $8,779 $14,580
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $795,000 -6.5% --
05/28/2025 05/28/25 For Sale $850,000 0.0% --
04/14/2025 04/14/25 Pending -- -- --
03/18/2025 03/18/25 Price Changed $850,000 -10.4% --
03/18/2025 03/18/25 For Sale $949,000 0.0% --
02/25/2025 02/25/25 Pending -- -- --
01/20/2025 01/20/25 Price Changed $949,000 -4.6% --
12/12/2024 12/12/24 Price Changed $995,000 -0.4% --
12/12/2024 12/12/24 Price Changed $999,000 -4.9% --
11/20/2024 11/20/24 Price Changed $1,050,000 -4.1% --
10/18/2024 10/18/24 Price Changed $1,095,000 0.0% --
10/18/2024 10/18/24 For Sale $1,095,000 -4.8% --
10/16/2024 10/16/24 Off Market $1,150,000 -- --
09/11/2024 09/11/24 For Sale $1,150,000 0.0% --
07/17/2024 07/17/24 Pending -- -- --
06/26/2024 06/26/24 For Sale $1,150,000 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- None Available
Source: Public Records

Source: The MLS

MLS Number: 24-408661

The MLS

APN: 6043-004-016