REO. This property has gone back to the lender and must be sold. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Super secure building with only two entrances in/out of the building and those are both off the parking lot at the rear of the building. Fantastic redevelopment opportunity located directly in the path of growth and redevelopment! Zoned C2, which should also allow for R4 uses but Buyer/Buyer's agent to independently verify with all necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use and Development Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide for Density Bonuses for a higher number of housing units to be built. Note the new construction three doors to the north, same zoning and slightly smaller lot and per LADBS they're building 20 units there, and another site 2 blocks south at SWC of W. 112th/Main with 19 units going up on a smaller corner lot. BEST location on Main Street and 2 blocks from 108th St. police station (Southeast Community Station), 1 block from Fire Dept. May have previously been used for retail, a welding shop, and a church. Utilities do not appear operable and Seller will not establish any utility services during its ownership as it is their intent to sell this as a land value deal. Tons of parking with access from both E. 109th Place and the alley. Looks like you could fit 15-20 cars in back. Only access into the building itself is at the rear as its entrance on Main Street was sealed off. Previous listed this year for $1.5M. Last sold less than 2 yrs ago for $850k.
SB24109442
Commercial - Retail, Business Opportunities, 1 Story
1946
Los Angeles
0.1613
Acres
Public
1
Frame,Stucco
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100
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