For Sale
$700,000

311 Firmin StLos Angeles, CA 90026

7,259 SF R4 Zoned Lot, $700K

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional 7,259 square foot lot presents a compelling investment opportunity in Los Angeles's burgeoning Westlake neighborhood. Located at 311 Firmin St, Los Angeles, CA 90026, this R4(CW)-75/3-0 zoned parcel offers significant potential for high-density residential development. The area has seen substantial revitalization in recent years, with hundreds of new residential units constructed nearby. The property boasts stunning city light views of the Downtown Los Angeles skyline and is conveniently located near major attractions including Crypto.com Arena, Dodger Stadium, and cultural institutions. Priced at $700,000 ($96.43 per square foot), this site is an attractive proposition for developers seeking to capitalize on the area's growth. The property's APN is 5160-022-036. The lot can be purchased individually or combined with adjacent parcels (APN 5160-022-034 and -035) for a larger development project. The existing zoning allows for multi-family communities, and the property qualifies for the City of Los Angeles Transit Oriented Communities Affordable Housing Incentive Program (Tier 2, verification required). Buyer is responsible for verifying all information and square footage.

Highlights

  • Prime Downtown LA Location: Minutes from Crypto.com Arena, Dodger Stadium, and major cultural attractions.
  • Panoramic City Views: Stunning Downtown Los Angeles skyline views.
  • High-Growth Neighborhood: Surrounded by over 500 new apartment units in nearby developments.
  • Expansion Potential: Adjacent land parcels available for acquisition, perfect for large-scale projects.
  • Multifamily Zoning: Zoned for high-density residential development.
  • TOC Tier 2 Eligibility: Potentially qualifies for City of Los Angeles Transit Oriented Communities Affordable Housing Incentives (Tier verification required).

Property Details for 311 Firmin St

Property type
Land

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.063519
Longitude
-118.254732
311 Firmin St, Los Angeles, California

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311 Firmin St
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