map Map favorite Favorite share Share image 22 Photos print Print
Photo
Photo Photo

10950 S Main Street

Los Angeles, CA 90061

PRICE REDUCED

arrow_downward
-$40,000 (-6.36%)

$589,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1946

calendar_month Built

Property Description

Price just reduced! REO. This property has gone back to the lender and must be sold. Great opportunity to redevelop to a large or small multi-family residential project. Previous owner prior to foreclosure said approved for 25 units in his listing, Buyer to independently verify. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopment opportunity located directly in the path of growth and redevelopment. Per LADBS records there's 20 units going up 3 doors north at 10914 S Main Street and 19 units finishing up three blocks south at SWC of 112th & Main on a smaller corner lot. Or just build a small handful of units+ADUs like at the corner of E. 110th, probably a lot cheaper and faster to push through the city. Zoned C2, which should allow for R4 uses but Buyer/Buyer's agent to independently verify with all necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use and Development Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide Density Bonuses for a higher number of housing units to be built. Best location on Main Street and 2 blocks from 108th St. police station (Southeast Community Station), 1 block from Fire Dept. May have previously been used for retail, a welding shop, and a church. Utilities do not appear operable and Seller will not establish any utility services during its ownership as it is their intent to sell this as a land value deal. Tons of parking with access from both E. 109th Place and the alley. Looks like you could fit 15-20 cars in back. Only access into the building itself is at the rear as its entrance on Main Street was sealed off, making it super secure if someone wants to start a business there in the existing structure. Last sold less than 2 yrs ago for $850k. Seller will also consider leasing, call listing agent for details.

Listing Information

List Price $589,000
Status Active
MLS SB24166236
Type Commercial
Subtype Retail
Year Built 1946
Lot Size 7,027
Structure Size N/A
DOM 50
Courtesy Of PV Realty
Listing Agent Pierre Valliere DRE#00958014

Interior Features

Laundry Information
Location(s) None
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Cooling Type
Cooling Type None

Exterior Information

Maps

home_work Nearby Properties

Image

$589,000

king_bed N/A
shower N/A
straighten N/A
straighten 7,027
10950 S Main Street,

Los Angeles, CA 90061
Image

$1,299,000

king_bed 4
shower 4
straighten 3,696
straighten 6,868
10918 S Main Street,

Los Angeles, CA 90061
Image

$600,000

king_bed N/A
straighten N/A
straighten 4,132
10975 S Main Street,

Los Angeles, CA 90061
Image

$729,000

king_bed 3
shower 3
straighten 2,007
straighten 5,988
114 W 110Th Street,

Los Angeles, CA 90061
Image

$950,000

king_bed 5
shower 4
straighten 2,093
straighten 5,322
122 W 110Th Street,

Los Angeles, CA 90061

Listing information courtesy of: Pierre Valliere, PV Realty . *Based on information from the Association of REALTORS/Multiple Listing as of Oct 2nd, 2024 at 2:22 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.