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10950 S Main Street

Los Angeles (City), CA 90061
  • $549,000
  • STATUS: Pending
  • ON SITE: 70 Days
  • ID#: SB24244790
Pending
UPDATED: 54 min ago
$549,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1946
County:

School Ratings & Info

Listing Agent(s): Pierre Valliere of PV Realty (310-295-2166)


Description

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 just finished 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. 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. 2 blocks from 108th St. police station (Southeast Community Station), 1 block from Fire Dept. 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 July 2022 for $850k.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-15T08:26:24.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
www.legacy15.com/homes/158536961
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10950 S Main Street Los Angeles (City), CA 90061

  • Price: $549,000
  • Status: Pending
  • On Site: 70 Days
  • Updated: 54 min ago
  • ID#: SB24244790
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1946
Built
Neighborhood:
C37 - Metropolitan South
County:
Los Angeles
Area:
C37 - Metropolitan South
Property Description
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 just finished 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. 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. 2 blocks from 108th St. police station (Southeast Community Station), 1 block from Fire Dept. 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 July 2022 for $850k.
Exterior Features

Construction Materials FrameStucco Entry Level 1 Lot Features Corner LotLevelNear Public TransitRectangular LotStreet LevelTear DownValue In LandFlat Open Parking Spaces 15 Parking Total 15 Sign On Property YN Yes Topography Level

Interior Features

Cooling None Cooling YN No Heating None Heating YN No

Property Features

Additional Parcels YN No Common Interest None Current Financing None Land Lease YN No Laundry Features None Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashOwner May Carry Number Of Units Leased 0 Property Sub Type Retail Special Listing Conditions Real Estate Owned Water Source Public



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-02-15T08:26:24.443. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Legacy 15 Real Estate Brokers. Licensed in the State of California, USA.
 
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Legacy 15 Real Estate Brokers
22521 Avenida Empresa Suites 100 & 102
Rancho Santa Margarita CA, 92688
Listing Agent(s): Pierre Valliere of PV Realty (310-295-2166)