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±6,389 SF Entitled C-2 Zoned Infill Redevelopment - Los Angeles, CA
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Auction #
565 -
Interior Space:
± 2,460 SF -
Lot Size:
±6,389 SF -
Beds/Baths:
3 / 3 -
Year Built:
1955 -
Transaction Fee:
5% (Min $25,000)
±6,389 SF Entitled C-2 Zoned Infill Redevelopment - Los Angeles, CA
Residential Property For Sale in Los Angeles, CA
8014 S Western Ave, Los Angeles, CA 90047FRE Auctions and eXp Realty of Greater Los Angeles are proud to present the online Auction Plus® event (allows for contingencies) for an Entitled South Los Angeles Infill Opportunity.
The C-2 zoned parcel with existing triplex is situated along the Western Avenue commercial corridor in South Los Angeles, one of the city's most actively targeted infill corridors under the South LA Community Plan Implementation Overlay District (CPIO).
The RTI-approved plans for 8016 S. Western Ave detail a 20-unit, 3-story fully sprinklered apartment building on a 6,358 SF C2-1VL-CPIO zoned lot, entitled under a TOC Tier 1 / Tier 3 100% Affordable Housing designation, which eliminated parking requirements and unlocked the density bonus on this parcel. Buyers should note that the entitlement carries affordability covenants, meaning a market-rate development strategy would require re-entitlement. Regardless of execution path, the RTI represents meaningful proof of entitle-ability and density potential, a significant value component for any developer evaluating this site.
Residents of 8014-8016 S. Western Ave enjoy immediate access to one of South LA's strongest transit and employment corridors. Metro Local Line 207 runs directly along Western Avenue with connections to the E Line, C Line, and Metro J Line; putting Downtown LA, Culver City, Santa Monica, and LAX within easy reach without a car. Major employers are within walking distance or a single bus ride: USC, Exposition Park's California Science Center, Natural History Museum, BMO Stadium, the forthcoming Lucas Museum, and MLK Community Hospital. This is a location built for transit-dependent, income-qualified renters, and the numbers prove it.
Uniquely, the current lender is open to creative financing structures for a qualified buyer — a rare opportunity in today's rate environment that materially reduces conventional acquisition financing dependency.
Key Highlights:
- C2-1VL-CPIO zoning on established South LA commercial corridor
- RTI-approved plans for 20-unit multifamily redevelopment
- Direct Metro bus access on Western Avenue with rail connectivity at Expo Park/USC Station via the E Line
- Motivated lender open to creative financing structures
- 0.15-acre lot with strong long-term development fundamentals
California State funded affordable housing grants/funds/incentives:
-State Low Income Housing Tax Credits (State LIHTC) https://www.treasurer.ca.gov/c...
-Affordable Housing and Sustainable Communities (AHSC) https://www.hcd.ca.gov/funding...
-Multifamily Housing Program (MHP) https://www.hcd.ca.gov/funding....
-Infill Infrastructure Grant Program (IIG) https://www.hcd.ca.gov/funding...
-Veterans and Affordable Housing Bond Act of 2026 https://www.gov.ca.gov/2026/06...
Los Angeles City funded affordable housing grants/funds/incentives:
-Affordable Housing Incentive Program (AHIP) http://www.planla.org/plans-po...
-Citywide Housing Incentive Program (CHIP) http://www.planla.org/plans-po...
-Los Angeles Housing Department Funding Programs https://housing.lacity.gov/par...
Financing terms subject to lender approval and qualification. Buyers are encouraged to conduct independent due diligence.
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Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access AgreementFinancing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: eXp Realty of Greater Los Angeles, CA # 02188471
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.
Conditions may be included with your bid
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ADD PROPERTY TO FAVORITES
Conditions may be included with your bid
Los Angeles, CA 90047
Conditions may be included with your bid
-
Los Angeles County
Los Angeles, CA -
Property Type: Residential Property
-
Interior Space: ± 2,460 SF
-
Lot Size: ±6,389 SF
- Beds:
3 - Baths:
3.00 - Year Built:
1955 -
Transaction Fee: 5% (Min $25,000)
FRE Auctions and eXp Realty of Greater Los Angeles are proud to present the online Auction Plus® event (allows for contingencies) for an Entitled South Los Angeles Infill Opportunity.
The C-2 zoned parcel with existing triplex is situated along the Western Avenue commercial corridor in South Los Angeles, one of the city's most actively targeted infill corridors under the South LA Community Plan Implementation Overlay District (CPIO).
The RTI-approved plans for 8016 S. Western Ave detail a 20-unit, 3-story fully sprinklered apartment building on a 6,358 SF C2-1VL-CPIO zoned lot, entitled under a TOC Tier 1 / Tier 3 100% Affordable Housing designation, which eliminated parking requirements and unlocked the density bonus on this parcel. Buyers should note that the entitlement carries affordability covenants, meaning a market-rate development strategy would require re-entitlement. Regardless of execution path, the RTI represents meaningful proof of entitle-ability and density potential, a significant value component for any developer evaluating this site.
Residents of 8014-8016 S. Western Ave enjoy immediate access to one of South LA's strongest transit and employment corridors. Metro Local Line 207 runs directly along Western Avenue with connections to the E Line, C Line, and Metro J Line; putting Downtown LA, Culver City, Santa Monica, and LAX within easy reach without a car. Major employers are within walking distance or a single bus ride: USC, Exposition Park's California Science Center, Natural History Museum, BMO Stadium, the forthcoming Lucas Museum, and MLK Community Hospital. This is a location built for transit-dependent, income-qualified renters, and the numbers prove it.
Uniquely, the current lender is open to creative financing structures for a qualified buyer — a rare opportunity in today's rate environment that materially reduces conventional acquisition financing dependency.
Key Highlights:
- C2-1VL-CPIO zoning on established South LA commercial corridor
- RTI-approved plans for 20-unit multifamily redevelopment
- Direct Metro bus access on Western Avenue with rail connectivity at Expo Park/USC Station via the E Line
- Motivated lender open to creative financing structures
- 0.15-acre lot with strong long-term development fundamentals
California State funded affordable housing grants/funds/incentives:
-State Low Income Housing Tax Credits (State LIHTC) https://www.treasurer.ca.gov/c...
-Affordable Housing and Sustainable Communities (AHSC) https://www.hcd.ca.gov/funding...
-Multifamily Housing Program (MHP) https://www.hcd.ca.gov/funding....
-Infill Infrastructure Grant Program (IIG) https://www.hcd.ca.gov/funding...
-Veterans and Affordable Housing Bond Act of 2026 https://www.gov.ca.gov/2026/06...
Los Angeles City funded affordable housing grants/funds/incentives:
-Affordable Housing Incentive Program (AHIP) http://www.planla.org/plans-po...
-Citywide Housing Incentive Program (CHIP) http://www.planla.org/plans-po...
-Los Angeles Housing Department Funding Programs https://housing.lacity.gov/par...
Financing terms subject to lender approval and qualification. Buyers are encouraged to conduct independent due diligence.
Property Viewing
If you would like to visit this property or any other property in this auction event, you are required to execute and electronically submit a Temporary Access Agreement.
If you visit this property or any other property without first executing a Temporary Access Agreement, you will be trespassing. Please don’t trespass on any properties.
Start Temporary Access Agreement
Financing
This is an Auction Plus event in which a financing contingency is permitted. On the bid form you will be asked to include financing details.
For further details about Financing, please read the Terms and Conditions of Sale located in the Documents section or contact the FRE.com Support Team.
Broker of Record for this property: eXp Realty of Greater Los Angeles, CA # 02188471
All information contained on this website or otherwise communicated, is from sources deemed reliable, but has not been verified for accuracy or completeness, or suitability for any particular purpose. It is presented "as is," and is not warranted or guaranteed by the Seller or its agents including but not limited to the Listing Broker, LFC Communications, Inc. and LFC Marketing Services, Inc. Buyers shall rely entirely on their own judgment, research and inspection of the asset, and are encouraged to independently verify information and to consult with appropriate legal, financial and other advisors and real estate specialists.