Active

512 Laconia

LOS ANGELES CA, 90044

$1,800,000


$50.90 per sqft

Active

0.81 Acres

Land

Zoned as R3, this expansive property offers exciting development potential for approximately 44 apartment units. The parcel is strategically planned for a variety of options, featuring a Tentative Tract Map meticulously designed for 18 attached homes, Small Lot Subdivision, and the potential for up to 23 Single Family Lots. It's important to note that the Tract is currently pending approval, and a comprehensive review letter from the Los Angeles City outlines specific development requirements based on the tentative tract map. Situated in the Southwestern part of Los Angeles, this property boasts proximity to major transportation arteries, including convenient access to the 110 and 105 Freeways. This strategic location enhances the appeal for future residents, offering an ideal commute to and from the area. While the current plan is in alignment with the tentative tract map, there exists flexibility for potential developers to explore alternative options. Whether considering the construction of apartments or pursuing an entirely different development plan, interested parties are encouraged to liaise with the Los Angeles City for guidance and to explore the diverse possibilities that this property holds. Seller financing available for up to 2 years with 50% down on approval by seller. Seller is flexible and willing to JV with a qualified developer. Please feel free to reach out for more information or to discuss your unique development vision for this promising parcel.

PW23230495MR

MLS ID

December 27, 2023

Listed

April 26, 2024

Updated

Map

512 Laconia
LOS ANGELES CA, 90044

Exterior/Building Features

Lot Size

0.81 Acres


Sewer

Public Sewer

Other Property Details

Area Name

Harbor Gateway


Days on Market

119


Garage

No


View

No


View Description

None


County

Los Angeles


Water Source

Public


Pool

No


Zoning

LAR3

Listing History

Date

Event

Price

4/26/2024

Price Change

$1,800,000

-19%

Listed by Matthew Palanca with Keller Williams Realty
Listing Contact: 714-450-6960 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Landon Pacific Real Estate shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 4/26/2024

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