We are pleased to present a rare opportunity to break ground immediately on a fully entitled 22-unit apartment development in one of Los Angeles's most active growth corridors. Situated near the high-visibility corner of Florence Avenue and Crenshaw Boulevard in the burgeoning Hyde Park pocket, this vacant, shovel-ready site eliminates entitlement risk entirely and offers investors and developers a clear, immediate path to execution.The proposed 20,028 Sq.Ft. building is thoughtfully designed with a market-smart unit mix: 13 one-bedroom/one-bath and 9 two-bedroom/two-bath residences with spacious floor plans averaging 800 Sq.Ft. per unit, ideal for today's Los Angeles renter. The site sits on an 11,051 Sq.Ft. lot zoned R3 with a Tier 3 TOC Density Bonus, which is what makes the 22-unit count achievable and maximizes the return potential on this land. The location is a compelling part of the story. With a Walk Score of 70, tenants enjoy genuine, everyday walkability in a neighborhood that is attracting serious investment. The property is just minutes from Inglewood's booming entertainment district, home to SoFi Stadium, Intuit Dome, and the Kia Forum, three world-class venues that have fundamentally reshaped demand dynamics across the entire submarket. Proximity to the Crenshaw/LAX Metro Line further strengthens the property's long-term rental appeal. For a developer seeking a turnkey opportunity with no entitlement timeline, a proven unit mix, and a location riding one of the strongest demand tailwinds in Los Angeles County, 3520 W. Florence Avenue delivers on every front.
Lot/land
$1,599,000
3520 W Florence Ave, Los Angeles, CA 90043
--beds
--baths
0.25Acres
Unimproved Land
Built in ----
0.25 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 105 days |
- 25 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Oron Maher DRE # 01299093 310-464-1453,
Maher Commercial Realty 310-464-1453
Source: CLAW,MLS#: 26760519
Facts & features
Property
Features
- Has view: Yes
- View description: None
Lot
- Size: 0.25 Acres
- Features: Corners Established, Curbs, Sidewalks, Single Lot, Tear Down On Lot, Value In Land, City Lot
Details
- Parcel number: 4012029029
- Zoning: LAR3 TOC Tier 3
- Special conditions: Standard
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Tax assessed value: $1,088,799
- Annual tax amount: $13,488
- Date on market: 4/20/2026
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$1,738/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/1/2026 | Price change | $1,599,000-5.9% |
Source:  CLAW #26760519 Report a problem | ||
| 4/20/2026 | Listed for sale | $1,699,000+65.6% |
Source: CLAW #26760519 Report a problem | ||
| 12/6/2021 | Sold | $1,026,000-6.7% |
Source:  CLAW #21797204 Report a problem | ||
| 11/15/2021 | Contingent | $1,100,000 |
Source: CLAW #21797204 Report a problem | ||
| 10/20/2021 | Listed for sale | $1,100,000-8.3% |
Source: CLAW #21797204 Report a problem | ||
| 9/20/2021 | Contingent | $1,200,000 |
Source: CLAW #21731248 Report a problem | ||
| 9/3/2021 | Price change | $1,200,000-4% |
Source: CLAW #21731248 Report a problem | ||
| 8/18/2021 | Listed for sale | $1,250,000 |
Source: CLAW #21731248 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,488 +0.6% | $1,088,799 +2% |
| 2024 | $13,407 +1.9% | $1,067,450 +2% |
| 2023 | $13,156 +4.7% | $1,046,520 +2% |
| 2022 | $12,561 +791.1% | $1,026,000 +1362.5% |
| 2021 | $1,410 -0.4% | $70,152 +1% |
| 2020 | $1,416 | $69,434 +2% |
| 2019 | $1,416 +14.4% | $68,074 +2% |
| 2018 | $1,238 | $66,740 +2% |
| 2017 | $1,238 +1.4% | $65,433 +2% |
| 2016 | $1,220 +3.9% | $64,151 +1.5% |
| 2015 | $1,175 -1.5% | $63,188 +2% |
| 2014 | $1,193 | $61,951 +2.5% |
| 2012 | -- | $60,463 +2% |
| 2011 | -- | $59,278 +0.8% |
| 2010 | -- | $58,836 -0.2% |
| 2009 | -- | $58,977 +2% |
| 2008 | -- | $57,822 +2% |
| 2007 | -- | $56,689 +2% |
| 2006 | -- | $55,578 |
| 2005 | -- | $55,578 +4% |
| 2004 | -- | $53,422 +1.9% |
| 2003 | -- | $52,444 +2% |
| 2002 | -- | $51,416 +4% |
| 2000 | -- | $49,422 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Park Mesa Heights
Nearby schools
GreatSchools rating
- 7/10Seventy-Fourth Street Elementary SchoolGrades: K-5Distance: 1 mi
- 6/10Horace Mann Ucla CommunityGrades: 6-12Distance: 1.2 mi
- 3/10Crenshaw Science, Technology, Engineering, Math And Medicine MagnetGrades: 9-12Distance: 1.6 mi
- $--1 bd1 ba800 sqft3516 W Florence Ave #3, Los Angeles, CA 90043Off Market
- $--1 bd1 ba800 sqft3516 W Florence Ave #10, Los Angeles, CA 90043Off Market
- $--2 bd1 ba900 sqft3516 W Florence Ave APT 2, Los Angeles, CA 90043Off Market
- $793,7003 bd2 ba1.7k sqft7214 Brynhurst Ave, Los Angeles, CA 90043Off Market
- $1,040,0007 bd6 ba3.6k sqft3524 W Florence Ave APT 1, Los Angeles, CA 90043Off Market
- $784,3002 bd1 ba1k sqft3524 W Florence Ave APT 2, Los Angeles, CA 90043Off Market
- $--2 bd1 ba1k sqft3524 W Florence Ave APT 3, Los Angeles, CA 90043Off Market
- $724,5002 bd2 ba1k sqft7220 Brynhurst Ave, Los Angeles, CA 90043Off Market
A local agent can set up tours, give advice and negotiate with sellers.
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