736 E Vernon Avenue, Los Angeles, CA 90011

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Property Description

We are pleased to present a Unique Development Opportunity at 736 E Vernon Avenue, Los Angeles, CA. This property consists of a Single-Family Home, built in 1908, situated on a large 27,748 SF lot, offering significant development potential in the heart of Southeast Los Angeles. Zoned RD2-1 and designated as Low Medium II Residential under the General Plan, the site provides flexibility for both 100% Affordable Housing Market Rate Development, making it a prime opportunity for developers. In addition, the property benefits from Transit Oriented Communities (TOC)Tier 3 status, which offers developers density bonuses, reduced parking requirements, and other incentives, further enhancing the development potential of the site. Positioned to benefit from the ongoing growth and revitalization in the area, this sizable lot and zoning allow for various Residential development projects, offering developers the chance to capitalize on the increasing demand for housing in Southeast Los Angeles. The property is also located within 500 feet of George Washington Carver Middle School, adding to its appeal for residential development. With a Walk Score of 73, the neighborhood is considered "Very Walkable," with excellent transit options, making it attractive for those seeking easy access to amenities and public transportation.


Interior Features

Bedroom Information
Bedrooms N/A

Listing Information

Address 736 E Vernon Avenue
City Los Angeles
State CA
Zip 90011
County Los Angeles
Listing Agent Jordan Petito DRE #02023714
Co-Listing Agent Ariel Sayani DRE #02072610
Courtesy Of Keller Williams Beverly Hills
List Price $2,995,000
Status Active
Type Land
Structure Size N/A
Lot Size 27,747

Listing information courtesy of: Jordan Petito, Ariel Sayani, Keller Williams Beverly Hills. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 9th, 2024 at 9:46 PM 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.