3626 Watseka Avenue, Los Angeles, CA 90034
List Price: $1.9M
Listing Status: ActiveUnderContract
0Days on Market: 62
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 6,535 sq ft
MLS Number: 26836289
About This Property
We are pleased to present an SB8 exempt development opportunity located at 3626 Watseka Ave in the Palms neighborhood of Los Angeles. The subject property is zoned for residential use with an existing 1,904 square foot three-bedroom one-bathroom home that is currently vacant, eliminating the need for tenant relocation and allowing for demolition and immediate development planning. The site consists of approximately 6,535 square feet of LAR3-zoned land and benefits from Tier 3 Transit Oriented Communities (TOC) incentives. This zoning designation provides a compelling opportunity for developers to pursue a variety of project types, including market-rate multifamily housing with TOC density bonuses, affordable housing developments, or a multi-duplex configuration. Strategically located directly south of the 10 freeway, Exposition Blvd and the Metro E Line station and three blocks north of Venice Blvd in Palms, the property offers excellent access to public transportation, with multiple nearby bus lines, as well as convenient proximity to the 405 Freeway. The site is ideally positioned within a high-demand rental market, surrounded by some of the West Side's most sought-after neighborhoods, including Culver City, Mar Vista, Venice, Santa Monica, Baldwin Hills, Beverly Wood and more.
Listing provided by: Casey Lins DRE #01902650 858-369-3010 Casey.Lins@kidder.com, Kidder Mathews of California, Inc.
Source: CRMLS, MLS #: 26836289
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.