10950 South Main Street

Los Angeles, CA 90061

$549,000
Price
7,027 / 0.16
Lot Size / Acres
a view of street with parked cars
a front view of a house with parking space
a view of cars parked in front of a building
a view of a porch with wooden floor
a view of a hallway with entryway
a view of a house with a balcony
a view of a terrace with a chair and potted plants
a view of a parking space
a view of a terrace
a view of backyard with porch
a view of a room with wooden floor
a view of a terrace with a flat screen tv
a view of a city street with cars
a view of a terrace with outdoor seating
a car parked on the road next to a road
a view of a wrought iron fences in front of house
a view of ocean view
a view of balcony with wooden floor

Description

Price just reduced! Reo. This property has gone back to the lender and must be sold. Great opportunity to redevelop to a large or small multi-family residential project. Previous owner prior to foreclosure said approved for 25 units in his listing, Buyer to independently verify. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopment opportunity...Price just reduced! Reo. This property has gone back to the lender and must be sold. Great opportunity to redevelop to a large or small multi-family residential project. Previous owner prior to foreclosure said approved for 25 units in his listing, Buyer to independently verify. Seller may be willing to carry with sizeable down payment. Gutted 2,000 sqft building on large 7,020 sqft (45 X 156) street-to-alley corner lot at the SEC corner of Main and E 109th Place. Fantastic redevelopment opportunity located directly in the path of growth and redevelopment. Per LADBS records there's 20 units going up 3 doors north at 10914 S Main Street and 19 units finishing up three blocks south at SWC of 112th & Main on a smaller corner lot. Or just build a small handful of units+ADUs like at the corner of E. 110th, probably a lot cheaper and faster to push through the city. Zoned C2, which should allow for R4 uses but Buyer/Buyer's agent to independently verify with all necessary City of LA agencies. See Supplements for ZIMAS reports with aerial, and Generalized Summary of Zoning Regulations, Use and Development Standards for more info. Appears to be in the Southeast LA CPIO District / Subarea C corridor, which may provide Density Bonuses for a higher number of housing units to be built. Best location on Main Street and 2 blocks from 108th St. police station (Southeast Community Station), 1 block from Fire Dept. May have previously been used for retail, a welding shop, and a church. Utilities do not appear operable and Seller will not establish any utility services during its ownership as it is their intent to sell this as a land value deal. Tons of parking with access from both E. 109th Place and the alley. Looks like you could fit 15-20 cars in back. Only access into the building itself is at the rear as its entrance on Main Street was sealed off, making it super secure if someone wants to start a business there in the existing structure. Last sold less than 2 yrs ago for $850k. Seller will also consider leasing, call listing agent for details.
  1. Listed by Pierre Valliere • DRE #00958014 • Brokerage DRE #00958014 • PV Realty • 310-295-2166

Property Details for 10950 South Main Street

View
Neighborhood
Lot Size Source
Assessor
Lot Size Dimensions
45 X 156
Assessor Parcel Number
6073-009-012
New Construction
No
Pool
No
View
Yes
Association
No
LISTING UPDATED: 12/05/2024 03:29 AM

Property Details for 10950 South Main Street

StatusActive
MLS #SB24244777
Days on Market15
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.16 AC
CountyLos Angeles County

Building Information for 10950 South Main Street

Lot Size0.16 AC

Property Information for 10950 South Main Street

Income / Expense / Tax Details
Income Details
  • Current Financing: None
Community / Development
Community / Development
  • Community Features: Curbs, Sidewalks, Street Lights
Property / Structure Info
Exterior Features
  • Fencing: Poor Condition
Distance To
  • Distance To Water: 50
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Corner Lot, Level with Street, Lot 6500-9999, Rectangular Lot, Level, Near Public Transit, Tear Down, Value In Land
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Flat
  • Road Frontage Type: Alley, City Street
  • Water: Public
  • Water Source: Public
Parking Info
  • Carport Spaces: 0

Property History for 10950 South Main Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 10950 South Main Street

Taxable ValueLand$561,000Additions$306,000Total$867,000
Tax Record2024$11,423 ($952 / month)
Home Facts
Total Finished SqFt3,000 SqFtAbove Grade Finished SqFt3,000 SqFtStories1Lot Size7,027 SqFtStyleOffice BuildingYear Built1946ZoningLAC2CountyLOS ANGELESAPN6073-009-012

Schools near 10950 South Main Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
One Hundred Seventh Street Elementary School
Public - K to 5
Alliance Jack H. Skirball Middle School
Charter - 6 to 8
Alain Leroy Locke College Prep Academy
Charter - 9 to 12
University Pathways Medical Magnet Academy
Public - 9 to 12
Rating
School
Distance
One Hundred Seventh Street Elementary School
PublicK to 5

Alliance Jack H. Skirball Middle School
Charter6 to 8

Alain Leroy Locke College Prep Academy
Charter9 to 12

University Pathways Medical Magnet Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 10950 South Main Street, Los Angeles, CA 90061

10950 South Main Street is a 0.16 ac of land for sale in Los Angeles, CA 90061. This property was listed for sale on December 4, 2024 by PV Realty, it's currently listed at $549,000. It has been on the market for a total of 15 days and was last sold on July 1, 2022. This listing's school district is Los Angeles Unified School District. Nearby schools include One Hundred Seventh Street Elementary School, Alliance Jack H. Skirball Middle School and Alain Leroy Locke College Prep Academy. 10950 South Main Street is a 0-bed, 0-bath, 0.16 ac of land on a 7,027 sq. ft. / 0.16 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of PV Realty, Pierre Valliere, DRE #00958014

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.