Description
A rare chance to acquire a shovel-ready development site in South Los Angeles on the only R3-zoned lot in the immediate area. The heavy lifting on entitlements is done - a builder can step in with current permits in hand, and break ground without the typical 12-18 month entitlement delay. The approved design maximizes the lot with a thoughtful mix of 2- and 3-bedroom units well-suited for the local rental market.
Details
| MLS # | SB26146370 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active Under Contract |
| Year | 2026 |
| Days On Site | 64 |
| Listing Provided By | Lyon Stahl Investment Real Estate, Inc. | Stephen Takahashi |
Features
| SQ Feet | 7,750 |
|---|---|
| Garage | 8 |
| Story(s) | 3 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR3 |
| Acreage | 0.17 |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90061 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90061) | |
Price: $690,000 low | high Med: $1,067,500 sqft: 7,750 low | high Med: 2,222 $ / sqft: $89 low | high Med: $485 On site: 64 low | high Med: 77.5 | |
Market Activity 90061
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90061 |
| Area | C34 Los Angeles Southwest |
| Listing VS Median (in 90061) | |
Price: $690,000 low | high Med: $1,067,500 sqft: 7,750 low | high Med: 2,222 $ / sqft: $89 low | high Med: $485 On site: 64 low | high Med: 77.5 | |
Nearby Listings (Within 1/2 mile)
Price: $517K - $862K
sqft: 5,500 - 9,500
 | $1,699,000442 E 118th StreetLos Angeles, CA 90061 |
Listing Updated: August 21, 2026 at 11:34:57 PM PDT