711 W 84th ST new

Los Angeles,CA 90044

$ 1900000

- Bed

0 Bath

- SqFt


Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25522579

HOA Y/N No

Lot Size 6,198 Sqft

Property Description

Nestled in the heart of one of Los Angeles' most active development corridors, 711 W 84th Street offers an extraordinary opportunity for visionary investors and developers. Currently home to a three-unit property, this lot is deliverable vacant ready to be transformed into a high-impact, high-yield development. With sweeping eligibility under the City of Los Angeles' Tier 2 Transit-Oriented Communities (TOC) guidelines and the Adaptive Housing Incentive Program (AHIP), this site has the potential to host up to 43 affordable housing units. The future here is not just promising, it's powerful. This offering stands out thanks to a unique blend of development advantages. Notably, the site has no parking requirement, significantly reducing construction costs and increasing buildable density. In addition, a generous height allowance of up to 78 feet means developers can envision a mid-rise structure that maximizes both unit count and community impact. Perhaps most compelling is its location within an Opportunity Zone, opening the door for substantial tax incentives and long-term financial gains. Location is Everything. Strategically positioned, 711 W 84th Street boasts convenient access to major freeways, public transportation, and regional employment hubs making it a commuter's dream. Residents will benefit from proximity to schools, parks, shopping centers, and local cultural institutions. This neighborhood is undergoing rapid revitalization, further amplifying the long-term value of this property. The strong rental demand in the area for both affordable and market-rate units underscores the income-generating potential of any development here. In a city grappling with a housing shortage, 711 W 84th Street presents a rare and timely opportunity to be part of the solution while building long-term wealth. Whether you're seeking to break ground on a flagship affordable housing project, capitalize on zoning and incentive programs, or expand your portfolio with a high-performing multifamily asset, this site is an ideal canvas for transformative development. DRIVE BY ONLY AND SUBMIT YOUR OFFER! Email for OM. Currently a triplex

Location

State CA

County Los Angeles

Area C36 - Metropolitan Southwest

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 6032019025

Special Listing Condition Standard

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