1746 W Florence Ave #24, Los Angeles, CA 90047

Commercial Retail property that can be used for development into apartments under city's TOC Tier 3 development standards or redeveloped into another retail building. The property is zoned LAC2- City of Los Angeles which allows for both commercial and R4 multi-family development. Build up to 37 units on 1746 W Florence Ave lot and up to 32 units on the 7200 S Western Ave lot for a total of up to 69 units for two projects. Properties are adjacent to each other with an alleyway in between. Properties are sold for their land value only. Priced at only $136.47 s.f. Property located at corner of alley and in between Hobart Blvd and Western Ave. Excellent site for multi-family residential, retail, or a mixed use combination of retail and residential.