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$ 1,895,000
Est. payment | /mo
6,535 Sqft Lot
$ 1,895,000
Est. payment | /mo
6,535 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CL26836289
HOA Y/N No
Lot Size 6,535 Sqft
Acres 0.15
Property Sub-Type Unimproved Land
Property Description
We are pleased to present an SB8 exempt development opportunity located at 3626 Watseka Ave in the Palms neighborhood of Los Angeles. The subject property is zoned for residential use with an existing 1,904 square foot three-bedroom one-bathroom home that is currently vacant, eliminating the need for tenant relocation and allowing for demolition and immediate development planning. The site consists of approximately 6,535 square feet of LAR3-zoned land and benefits from Tier 3 Transit Oriented Communities (TOC) incentives. This zoning designation provides a compelling opportunity for developers to pursue a variety of project types, including market-rate multifamily housing with TOC density bonuses, affordable housing developments, or a multi-duplex configuration. Strategically located directly south of the 10 freeway, Exposition Blvd and the Metro E Line station and three blocks north of Venice Blvd in Palms, the property offers excellent access to public transportation, with multiple nearby bus lines, as well as convenient proximity to the 405 Freeway. The site is ideally positioned within a high-demand rental market, surrounded by some of the West Side's most sought-after neighborhoods, including Culver City, Mar Vista, Venice, Santa Monica, Baldwin Hills, Beverly Wood and more.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 4313017005
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Listed by Casey Lins • Kidder Mathews of California, Inc.
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