Los Angeles, CA 90043 3313 W 48th Street
$1,295,000
16 more
Presented By: Davis Saadian with KW Advisors;
Home Details
We are pleased to offer for sale this vacant SB-8 exempt, corner lot development opportunity (Zoned C2) located in the vibrant Crenshaw district of Los Angeles. This 7,750 SF lot comes with Ready-to-Issue (RTI) plans for three (3) duplexes and four (4) Accessory Dwelling Units (ADUs), for a total of ten (10) market-rate units. The investment falls within an Opportunity Zone, excellent for tax benefits, and well located in one of LA's most dynamic and rapidly evolving neighborhoods, 0.3 miles from the Metro K-Line, Leimert Park Plaza, and the intersection of Crenshaw Blvd. & Leimert Blvd. The property is situated on a picturesque palm tree-lined street, surrounded by low-rise residential buildings, creating an attractive and community-oriented environment. This location offers the best of both worlds - a quiet residential feel with proximity to major urban developments and cultural landmarks. This offering presents a rare opportunity to develop a modern, multi-unit property in an area that combines rich cultural heritage with forward-looking urban planning. Notably, this project is exempt from SB-8 regulations, providing developers with greater flexibility in design and unit allocation. This exemption allows for potentially higher density and more creative use of space, maximizing the property's potential in this rapidly evolving market. The project is well-positioned to meet the growing demand for quality housing in this vibrant and up-and-coming area of Los Angeles, while benefiting from reduced regulatory constraints. The front duplex will feature two (2) 3+3 units, the middle duplex will feature a 3+2.5 unit and a 4+4.5 unit, and the rear duplex will feature two (2) 3+3-units. Each duplex features a recreation room that is designed to be converted to an ADU after the Certificate of Occupancy.
Presented By: Davis Saadian with KW Advisors;
Interior Features for 3313 W 48th Street
Bedrooms
Total Bedrooms23
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths23
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace FeaturesNone
Fireplace Y/NNo
Furnished Y/NUnfurnished
Heating Y/NNo
Laundry FeaturesNone
Total Stories3
General for 3313 W 48th Street
Additional Parcels Y/NNo
Architectural StyleSeeRemarks
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market8
Directions3313 W. 48th Street | Los Angeles, CA 90043
Full Baths23
Garage Y/NNo
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Lot Size Square Feet7750.0
Lot Size UnitsSquareFeet
MLS AreaPHHT - Park Hills Heights
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeVacant
Pool FeaturesNone
Private PoolNo
Property ConditionFixer
Property Sub Type AdditionalSingleFamilyResidence
Property SubTypeSingleFamilyResidence
Property TypeResidential
Rent Control Y/NNo
Senior Community Y/NNo
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories1
ViewCityLights
View Y/NYes
Waterfront Y/NNo
Year Built1935
ZoningLAC2
Exterior for 3313 W 48th Street
Building Area Total11596.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1779
Lot Size Area7750.0
Lot Size SourceAssessor
Open Parking Y/NNo
SpaNo
Total Parking0.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480