2300 E Florence Avenue
Multifamily | 51 Units
Marketing description
Onyx Commercial Real Estate & Illi Commercial Real Estate Are Proud to Jointly and Exclusive Present 19,130 Square Feet (0.439 Acres) Land for Sale is Ideally Located at 2300 E Florence Ave, Huntington Park, Ca 90255, in Los Angeles County. With Mixed-use Zoning Specifically Designated for Multi-family Development, This Property Presents a Valuable Opportunity for a Residential Project. the Strategic Location is Enhanced by Its Proximity to the Expanding Los Angeles Metro Line in the Area, Providing Convenient and Accessible Public Transportation Options for Potential Residents. the Growing Infrastructure and Connectivity Make This Property Not Only a Sound Real Estate Investment but Also a Promising Prospect for a Multi-family Development with the Added Benefit of Easy Commuting for Future Residents.
The Mixed Use Development Zone (MXD) allows for a mixture of residential, commercial, and limited light industrial uses and buildings in close proximity to bus and rail transit stations. Zone MXD integrates a wide range of housing densities with community- serving commercial uses to serve local residents, employees, pedestrians, and consumers. Compact development is encouraged to promote walking, bicycling, recreation, transit use, and community reinvestment, to reduce energy consumption, and to offer opportunities for employment and consumer activities in close proximity to residences.
Investment highlights
- 2300 E Florence Ave, Huntington Park, CA 90255
- Asking Price: Best Offer
- Up To 51 Units by right before any bonuses based on specific future uses.
- APN: 6025-029-039 - 19,130 sf / - 0.439 Acres
- Zoning: Mixed Use Development (MXD)
- General Plan: Florence-Firestone TOD Specific Plan
- Permitted Uses:
- Uses permitted in zone R-A
- With CUP, any use permitted in zones R-4, M-1, A-C, and SR-D, or any combination (22.40.520)
- Minimum Required Area:
- 5000 sq. ft./lot. (22.40.520)
- 5 acres per lot. Area per dwelling–as established by CUP. (22.40.520)
- Maximum Height Limit:
- 35 feet (22.40.520)
- 2 times buildable area (22.40.520)
- Minimum Required Parking:
- 2 covered spaces per dwelling unit (22.52.1180)
- As specified in CUP (22.40.520)
- Building Setback:
- Same as zone R-A. (22.40.520)
- As established by CUP. (22.40.520)
- Maximum Lot Coverage:
- Not applicable.
- 50% of net area of lot or parcel. (22.40.520)
- Required Sections OF Satisfaction:
- 22.26.030 (Mixed Use Development Zone)
- 22.418.080 (Community-Wide Development Standards)
- 22.418.090 (TOD Zone Additional Development Standards)
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