Listed By:
Matthew Wenzel with Marcus & Millichap; 714-875-2878
Address
12347 Carson Street, Hawaiian Gardens, CA
Price
$ 1,300,000
Property Attributes
  • MLS#PW23127320
  • TypePending
  • CountyLOS ANGELES
  • CityHawaiian Gardens
  • AreaHawaiian Gardens
  • Zip90716
  • Style
  • Price$ 1,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.5781 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

** PRICE REDUCED - LONG TERM DEVELOPMENT POTENTIAL WITH BELOW MARKET IN-PLACE INCOME  The subject property is a 25,182 SF parcel of land located at 12347 Carson St. in the city of Hawaiian Gardens. This parcel has been recently split off from the property directly to the south which has been developed into an Enterprise Rental Car location. Because of this, the street address for the subject property is on Carson Street even though the site actually fronts Claretta Ave. one parcel to the north of Carson Street. The site is currently leased out on month-to-month basis to a Manufactured Housing construction business who has occupied the property since 2012. This tenant currently pays $3,600 monthly on a gross lease. Please do not disturb the tenant as they do not know the property is for sale. Zoning on this site is C-4 Commercial and the General Plan Land Use Designation is CG General Commercial. Although the site is currently commercially zoned, it is important to note that the city has included this site as an Opportunity Site in the Draft Housing Element and have identified a potential zoning classification of Mixed-Use which would allow for up to 40 residential dwelling units per acre. The subject property is located on the eastern side of Hawaiian Gardens and sits right on the border between Hawaiian Gardens and Lakewood. The property is surrounded by retail to the south, multi-family to the west and lower density residential to the north. Hawaiian Gardens is approximately 99% built out and like most of infill Los Angeles County the development market in this city is extremely supply-restricted. Given the lack of available development sites in the immediate market, this property should be an attractive opportunity for any developer looking for half acre infill sites.

Price History
7/13/2023 Listed $1,600,000
10/3/2023 19% - $1,300,000

General Features

Sewer PublicSewer
Utilities ElectricityAvailable,SewerAvailable,WaterAvailable
Zoning HGC4*
HOA 0.0
View None
Community Features Urban
County Los Angeles
New Construction No
Property Type Land
HOA / Comm Assn No
Attached Garage No
Garage Y/N No
Special Listing Conditions Standard
Status Pending
Directions One block north of Carson Street on Claretta Ave.
City Hawaiian Gardens
View Y/N No
Senior Community Y/N No
MLS Area 54 - Hawaiian Gardens
Lot Size Square Feet 25182.0
Private Pool No
Waterfront Y/N No
Carport Y/N No
Street Name Carson
Property Attached Y/N No
Land Lease Y/N No
Home Warranty Y/N No
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 200
Standard Status Pending
Tax Lot 7
MobileHomeRemainsYN No

Interior Features

Basement (Y/N) No
Air Conditioning Y/N No
Heating Y/N No
Fireplace Y/N No
Street Suffix Street
Electric On Property Y/N No

Exterior Features

Lot Features Level,ValueInLand
Water Source Public
Lot Size Area 25182.0
Spa No
Lot Size Acres 0.5781
Lot Size Units SquareFeet
Lot Size Source Assessor
Road Frontage Type CityStreet
Crops Included Y/N No
Open Parking Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90716

Price
AVG $690K
$1.3M
Visits
AVG 48
109
Data Provided by Inside Real Estate®

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