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Investor Goldmine in South LA - R2 Zoning + SB 9 Opportunity! This oversized 5,434 sq. ft. LAR2 lot is a rare gem with massive development flexibility. Zoned R2, it allows up to 2 primary units by right, plus 1 full-size ADU (up to 1,200 sq. ft. and 1 Junior ADU "” delivering up to 4 legal rental units without needing a variance. But it gets even better: SB 9 Eligible: Qualifies for lot split under California's SB 9 law. That means you could split into two parcels, build a duplex on each, and add ADUs "” up to 8 units total. Development Summary: "¢ Current Zoning: LAR2 (Residential - 2 Units by right) "¢ Lot Size: 5,434 sq. ft. "¢ Unit Potential (without SB9): 1 duplex + 1 ADU + 1 JADU = 4 units "¢ Unit Potential (with SB9 split): 2 duplexes + ADUs = up to 8 units "¢ Frontage & depth: Flat, rectangular lot with alley access = builder-friendly ?? Investment Snapshot: "¢ Average Rent (2-bed units in area): $2,200-$2,500/month "¢ Full 4-unit config projected gross income: $105,000-$115,000/yr "¢ 8-unit SB 9 config potential: $200,000+/yr gross rents "¢ Cap rate potential (renovated new build 4-8 unit): 6-8%+ depending on cost basis and construction type "¢ ADU cost per unit: Est. $120-$200/sq. ft. (stick-built or prefab) ?? Local Market Insight: Investors are aggressively repositioning nearby properties with the same lot size and zoning "” converting SFRs into income-generating 4-plexes and 6-plexes. Recent comps in 90011 show similar properties selling post-development for $900k-$1.25M+, especially if delivered fully leased. Why This Lot Stands Out: "¢ Zoned R2 w/ flexible multi-unit build options "¢ SB 9 eligible - split the lot, double the density "¢ 4-8 unit potential = high cash flow, big resale margin "¢ Flat, buildable lot near USC, DTLA, Expo Line Final Word: Whether you're a seasoned developer or first-time investor, this is your rare chance to acquire a multifamily development site with strong ROI, clear entitlement path, and tons of upside in South LA's hottest pocket.
| DAYS ON MARKET | 1 | LAST UPDATED | 9/26/2025 |
|---|---|---|---|
| YEAR BUILT | 1906 | COMMUNITY | C34 - Los Angeles Southwest |
| GARAGE SPACES | 2.0 | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | C34 - Los Angeles Southwest |
| CONSTRUCTION | Stucco |
| GARAGE | Yes |
| HEAT | Natural Gas |
| LOT | 5432 sq ft |
| LOT DESCRIPTION | Landscaped, Near Public Transit, Paved |
| PARKING | Driveway, Garage |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 1 |
| STYLE | Craftsman |
| UTILITIES | Electricity Connected, Natural Gas Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
TOTAL MONTHLY PAYMENT
| SATELLITE VIEW |
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Based on information from California Regional Multiple Listing Service, Inc. as of 9/26/25 11:27 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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