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23252895 MLS Active Status
We are proud to exclusively present for sale a rare corner Vacant Lot in Valley Glen, the middle of everything in the San Fernando Valley! Build 7+/- Units by Right or 14+/- Units by TOCor go 100% Affordable Housing and build even more! This property is ready for entitlements! Boasting 95 feet of frontage on Woodman Ave. and 95 feet of frontage on Erwin St., this very visible lot is situated on the southeast corner of the intersection. With 8,791 SF of [Q] R3-1 Tier 3 Zoning, this Vacant Lot can become can become the go-to place to rent in the area, with the street views being unobstructed and the properties in the area being low-rises or single family homes. The Q Condition limits the non-incentive height to 35 feet and the density to 1 unit per 1,200 SF, but bring your TOC or Affordable Housing ideas and make this lot shine! At about $166 Price Per SF of Land and no relocation needs, no Ellis needs and no RSO obligations, this property is priced to sell! This Central Valley location is walking distance to the Orange Line Station (about 0.2 Miles away, or a five minute walk max!), so little or no parking should not be a detriment! The Orange Line serves the Valley from North Hollywood to Chatsworth, from Woodland Hills to the Metro Red Line. LA Valley College is around a mile from the property and serves approximately 20,000 students a year, many of which are from out of town and looking for the best rentals in the area. And with an average household income over $84,000 within a one mile radius, the future rental pool for a new construction Project on this lot is very promising. Sandwiched between Victory Blvd. and Oxnard St., both are destinations for shopping and dining, and some walk-to nightlife! Easy access to the 405, 101, and 170 freeways will make it an easy commute for those who prefer a car over public transportation!

13694 Erwin Street, Valley Glen

23252831 MLS Active Status
We are proud to exclusively present for sale a Redevelopment Opportunity in Hyde Park, South LA. Situated on Crenshaw Blvd. between W. 59th St. and W.59th Pl., This 14,397 SF C2-2D-SP Tier 4 double-lot has 100 feet of frontage. The property will be delivered vacant, with Demolition Plan Check in progress. The Project was issued a Letter of Determination in 2021 with Plans already submitted to Building and Safety, currently working on Plan Check Corrections. The building design consists of twenty Studios, twenty-three 1 Bedrooms, sixteen 2 Bedrooms and six three Bedroom Units. The Rec Room and Tenant Storage Room on the 1st level can potentially be converted to 3 ADUs in the future. Ten of the units will be dedicated to Affordable Housing. The design only features 3 parking spaces (two for commercial and one for residential), but the property is across the street from the Hyde Park Light-rail Metro Station. Future residents will enjoy a rooftop that will have expansive views looking far out to the rest of Los Angeles. Affordable Units can be rented to Section 8 tenants for increased rents, which have increased as of 11/1/2022 (see Section 8 page in OM). The Crenshaw/LAX Transit Project (K Line) Hyde Park Station across the street from the property will allow future tenants to commute between El Monte, Downtown LA, San Pedro and the rest of the Los Angeles Metropolitan Area. The property is a short 7 minute drive to The Kia Forum, a 10 minute drive to the Sofi Stadium and Intuit Dome (future home of the LA Clippers), and much more. This listing includes two APNs: 4005-002-011 & 4005-002-012.

5909 Crenshaw Boulevard, Los Angeles

Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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