6510 S Main Street, Los Angeles, CA 90003
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Listed Price :
$1,295,000
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Beds :
N/A
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Baths :
-
Property Size :
N/A sqft
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Year Built :
1922
Property Description
We are pleased to present this exceptional 10,402-square-foot vacant lot in the heart of South Los Angeles. This property offers a unique opportunity for developers to meet the growing demand for residential, commercial, and mixed-use projects. The property was previously RTI-approved for development, though the approvals have since expired. However, they can be renewed through an expedited process, providing a streamlined path to construction. The approved project features a 20-unit, 4-story mixed-use building with 18 market-rate units and 2 extremely low-income units, consisting of 14 two-bedroom, two-bath units and 6 one-bedroom, one-bath units. The development includes 710 square feet of commercial space, 19 automobile parking spaces, and 30 bicycle parking spaces, with a total gross area of approximately 14,828 square feet. With C2-1VL-CPIO zoning and a Tier 1 Transit-Oriented Communities (TOC) designation, developers can take advantage of State Density Bonus Laws (AB2334, AB2345, and AB1763) to build 50+ units of affordable housing. Additionally, a preliminary design for a 54-unit, 100% affordable housing development has been completed, showcasing the site's potential for higher-density residential use. This parcel will be delivered vacant at closing and is ready for immediate development. Whether pursuing the approved 20-unit project or maximizing the site's full potential, this lot provides an excellent foundation for a transformative project.
Interior Features
| Bedroom Information |
| Bedrooms |
N/A |
Listing Information
| Address |
6510 S Main Street |
| City |
Los Angeles |
| State |
CA |
| Zip |
90003 |
| County |
Los Angeles |
| Listing Agent |
Jordan Petito DRE #02023714 |
| Co-Listing Agent |
Daniela Cohen DRE #02115683 |
| Courtesy Of |
Keller Williams Beverly Hills |
| List Price |
$1,295,000 |
| Status |
Active |
| Type |
Commercial |
| Structure Size |
N/A |
| Lot Size |
10,402 |
| Year Built |
1922 |
Listing information courtesy of: Jordan Petito, Daniela Cohen, Keller Williams Beverly Hills. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 6th, 2025 at 9:35 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.
