REO. This property has gone back to the lender and must be sold. 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 redevel opment opportunity located directly in the path of growth and redevelopment! 20 units going up 3 doors north, 19 units finishing up three blocks south at SWC of 112th and Main on a smaller corner lot. Zoned C2, which should also 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 crridor, which may provide for 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 2 yrs ago for $850k.

Request Information
on 10950 S Main St
in Los Angeles, CA
Presented by Pierre Valliere at
P.V. Realty.


Property MLS #SB24113302 from CRMLS

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+ Exterior and Lot Features

Fencing: Fencing: Poor Condition
Road Frontage Type: Alley, City Street

+ Land Info

Lot Description: Corner Lot, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Tear Down, Value In Land
Lot Size Acres: 0.1613177
Lot Size Dimensions: 45 X 156
Lot Size Source: Assessor
Topography: Flat
Lot Size Square Feet: 7027

+ Home Features

View: Neighborhood

+ Homeowners Association

Calculated Total Monthly Association Fees: 0

+ Amenities and Community Features

Community Features: Curbs, Sidewalks, Street Lights

+ Other Property Info

Source Listing Status: Active
County: Los Angeles
Directions: SEC of Main Street and E. 109th Place
Source Property Type: Land
Area: C37 - Metropolitan South
Source Neighborhood: C37 - Metropolitan South
Parcel Number: 6073009012
Postal Code Plus 4: 2055
Zoning: C2
Source System Name: C2C
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Listed 2024-06-04
$679,000
CRMLS

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Listing removed 2024-05-24
$0
CRMLS

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Listed 2024-03-25
$1,500,000
CRMLS

+ Utilities

Water Source: Public

+ Display Complete School Details

One Hundred Seventh Street Elementary School is a public elementary school located approximately 0.2 miles away.
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Samuel Gompers Middle School is a public middle school located approximately 0.3 miles away.
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Alain Leroy Locke College Prep Academy is a public high school located approximately 0.3 miles away.
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Ascension Elementary Catholic is a private elementary and middle school located approximately 0.6 miles away.
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