Property Detail

Description

Priced to sell at $700,000 rare value-add and owner-user opportunity on the Central Avenue corridor in South Los Angeles. The property consists of two detached one-story frame/stucco structures totaling approximately 2,136 SF on a 5,840 SF lot. Previously operated as a place of worship, the improvements offer a turnkey community facility for ministries, daycare operators, nonprofits, or community-serving end-users.LOCATION: Central Avenue corridor, just east of the 110 Freeway at 84th Street. High daily traffic counts, dense residential surroundings, direct access to Downtown LA. Dual-address corner-adjacent positioning at 1108 E 84th Pl / 8450 S Central Ave provides strong visibility from Central Avenue.JURISDICTION: Located in unincorporated Los Angeles County (Florence-Graham community). Zoning and entitlements administered by LA County Department of Regional Planning. Buyer to independently verify zoning, allowed uses, and entitlement potential.IMPROVEMENTS: Two detached one-story class D frame/stucco structures totaling approximately 2,136 SF. Originally constructed in 1947. Most recently operated as a place of worship with sanctuary, fellowship space, and supporting rooms. Property delivered as-is, where-is.POSITIONING: Owner-users will find a turnkey facility for ministry, daycare, community center, or nonprofit operations sub-$1M real estate on this corridor with improvements already in place is rare. Investors and developers will find a redevelopable urban infill site, single-APN parcel, positioned on a major South LA thoroughfare.PRICING: Priced at $327.72 per SF improvements. Offered at substantial discount to 2022 list of $850,000. Free and clear no assumable debt. Seller is motivated.APN: 6028-024-006All information deemed reliable but not guaranteed. Buyer to verify all aspects of the property including square footage, lot size, zoning, permitted use, improvements, and physical condition.