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$ 2,750,000
Est. payment | /mo
10,602 Sqft Lot
$ 2,750,000
Est. payment | /mo
10,602 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26107294
HOA Y/N No
Year Built 1906
Lot Size 10,602 Sqft
Property Description
2755 Raymond Ave presents a rare opportunity to develop a six-story, 100% affordable housing community in the heart of Los Angeles. The ED1 project includes 75 one-bedroom units. Zoning plan check was approved in April 2026, and the project is permit-ready, subject to final clearances (Buyer to pay permit fees). The property is currently vacant and ready for demolition, eliminating the time and cost of tenant relocation.The proposed building features all one-bedroom, one-bathroom units ranging from 394 to 452 SF, complemented by a 3,960 SF roof deck, sixth-floor resident lounge, fitness center, and secure bike parking. With ED1 approval and 40,325 SF of approved floor area (6.6:1 FAR), the project offers a streamlined path to delivery for investors and developers focused on affordable housing in a high-demand, supply-constrained market.
Location
State CA
County Los Angeles
Area C16 - Mid Los Angeles
Zoning RD2-1-O-HPOZ
Interior
Fireplace No
Exterior
Total Parking Spaces 19
Building
Story 6
Others
Tax ID 5054009012
Special Listing Condition Standard
Listed by Daniel Baird Sperry Van Ness #01249675