257 Vernon Ave
Los Angeles, CA 90011 Vernon-Main

Excellent residential development opportunity consisting of approximately 10,308 square feet of land at the signalized northwest corner of Vernon Avenue and San Pedro Street. The site is well suited for residential development, with no commercial use permitted, and offers the potential for approximately 13 market-rate units, up to 23 units utilizing TOC Tier 3 incentives with a mix of 20 market-rate and 3 affordable units, or potentially up to 60 all-affordable units.* The property has clean Phase I and Phase II environmental reports and benefits from strong visibility in a high-traffic location. Conveniently situated three blocks east of the Harbor (110) Freeway, less than one mile southeast of the Los Angeles Memorial Coliseum, BMO Stadium, Exposition Park, and the USC campus, and just minutes south of Downtown Los Angeles. *Buyer to confirm independently with a land use expert.