Seller Finance Available-15,268 sq ft Corner Lot-73$/ft land
Central & 120th LARGE Commercial Corner Lot - 60% RTI Ready for 87 units of Supportive Housing
Marketing description
An exceptional opportunity to acquire a high-visibility corner commercial lot totaling 15,268 SF in a thriving and easily accessible Los Angeles location. This property combines immediate income potential with strong long-term development upside, making it ideal for investors, developers, and owner-users.
Currently improved with two income-producing tenants occupying approximately 1,800 SF and generating $2,400 per month, the property delivers steady cash flow while plans advance—or can be delivered vacant for full redevelopment.
A major value-add highlight: the site is approximately 60% RTI (Ready-To-Issue) for permits to construct a 4-story 87 multi-unit apartment building designed for supportive housing. With significant progress already completed, this project offers a head start toward groundbreaking and positions the next owner to meet growing community housing needs while capturing substantial development potential.
With roughly 13,468 SF of open land remaining, this property provides outstanding flexibility, visibility, and long-term upside. Developers can leverage existing income during the entitlement and permitting phases, while owner-users can offset holding costs or reposition the site for their own vision.
Investment highlights
High-traffic corner location with excellent visibility and access
Large 15,268 SF lot with approximately 13,468 SF available for new development
Existing income of $2,400/month to support holding costs or add immediate value
Tenants on leases; potential for delivery vacant if desired
Ideal for redevelopment, mixed-use, or owner-user opportunities
Seller Finance Available
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