3313 48Th St Los Angeles, CA 90043

This exceptional investment opportunity presents a vacant 7,750 square foot lot in Los Angeles' vibrant Crenshaw district, zoned C2. The property is conveniently located 0.3 miles from the Metro K-Line, Leimert Park Plaza, and the intersection of Crenshaw and Leimert Boulevards. Ready-to-Issue (RTI) plans are in place for the construction of three duplexes and four Accessory Dwelling Units (ADUs), totaling ten market-rate units. The detailed plans include two 3+3 units in the front duplex, a 3+2.5 and a 4+4.5 unit in the middle duplex, and two more 3+3 units in the rear duplex. Each duplex incorporates a recreation room designed for future conversion into an ADU post-Certificate of Occupancy. This SB-8 exempt project offers significant advantages, allowing for greater design flexibility and potentially higher density. Situated on a picturesque street lined with palm trees and surrounded by low-rise residential buildings, this property benefits from an attractive, community-oriented environment. The location combines a quiet residential feel with proximity to major urban developments and cultural landmarks. This development sits within an Opportunity Zone, providing potential tax benefits. The asking price for this prime development opportunity is $1,295,000. This is a rare chance to capitalize on the growing demand for housing in this dynamic and rapidly evolving neighborhood.