824 164th Street

Gardena, CA 90247

$4,000,000

Listed Price
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bed Beds

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shower Baths

N/A sqft

straighten $3,048 / sqft

calendar_month Built

Property Description

We are pleased to present for sale an excellent ED 1 TRIPLE LOT development opportunity located near the city of Gardena! While the 3 lots feature a Gardena address, the lots fall under city of LA zoning = more favorable towards development! Zoned LAR4-1, the site includes three APNs owned by a single owner: 6120-018-028, 029, 030 and is situated on a FLAT corner lot with an alley = optimal for design efficiency and parking access! Per seller's architect, 170 units may be built on the 3 lots using ED 1 incentives = only $23,500/unit!!!! Take advantage of the ED 1 fully affordable program, which provides for expedited processing, higher density, and reduced setbacks through the ED1 Ministerial Approval Process. Current improvements include 2 duplexes and a triplex collecting $19,200/month in income = collect incredible income while going through the lengthy entitlement process. Close proximity to Torrance, Hawthorne, Lawndale, the 110 Freeway and more! Please do not disturb current occupants, interior inspection subject to accepted offer only. Contact listing agent for more details!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 824 164th Street
City Gardena
State CA
Zip 90247
County Los Angeles
Listing Agent Daniel Shamooelian DRE#01984269
Courtesy Of Keller Williams Beverly Hills
MLS 24376329
List Price $4,000,000
Status Active
Type Land
Structure Size N/A
Lot Size 19,801
DOM 9

Exterior Information

Maps

Listing information courtesy of: Daniel Shamooelian, Keller Williams Beverly Hills . *Based on information from the Association of REALTORS/Multiple Listing as of Apr 12th, 2024 at 5:19 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.