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Gardena, CA 90249,15338 Eriel AVE
Gardena, CA 90249,15338 Eriel AVE
Gardena, CA 90249,15338 Eriel AVE
$2,800,000
Est. payment /mo
$3,200,000
12.5%
Est.Price: ?

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6 Beds
3 Baths
3,670 SqFt
SOLD DATE : 06/27/2024

Key Details

Sold Price $2,800,000

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Sold

Purchase Type For Sale

Square Footage 3,670 sqft

Price per Sqft $762

MLS Listing ID SB24010599

Bedrooms 6

Full Baths 3

Year Built 1946

Lot Size 0.478 Acres

Property Description

Located at the southwest corner of Crenshaw and 154th Street, straddling the Gardena and Los Angeles boundary, this expansive property comprises three parcels, each uniquely zoned for both residential (R-3) and commercial (C-2) purposes, spanning a total area of 20,817 square feet.

- **Parcel 4070-001-024**: This parcel features two residences, located at 15343 S Eriel Ave and 15338 Eriel Ave in Gardena, CA 90249. Collectively, these homes are valued at approximately $1,740,537.

- **Parcel 4070-001-023**: Currently utilized as a parking and storage space for La Villa Restaurant, this parcel's estimated value stands around $713,000.

- **Parcel 4070-001-022**: A combination of the La Villa Restaurant, situated at 15333 Crenshaw Blvd, Gardena, CA 90249, and a residential property at 15326 S Eriel Ave, Gardena, CA 90249. The combined estimated value of these properties is about $1,753,000.

The collective estimated value of these parcels is approximately $4,206,527. Offered for sale at $3,200,000, this presents an opportunity for the new owner to gain around $1,000,000 in value.

This distinctive property offers the best of both worlds: residential tranquility on the west side within El Camino Village, boasting significant traffic with over 26,539 vehicles per day (VPD) on 154th Street. On the east side, facing Crenshaw Boulevard - a bustling thoroughfare with over 27,865 VPD - the parcels are zoned C-2, suitable for commercial development.

This property's uniqueness lies in its dual zoning, offering flexibility for both residential and commercial use. Additionally, there is potential for further development, with the city permitting up to 20 units on the site. This blend of residential charm and commercial opportunity makes it a rare find in a sought-after location.

Under SBAP - Minimum Density 24 and Maxium Density will allow up to 72 Units

Location

State CA

County Los Angeles

Area 111 - Bodger Park/El Camino

Zoning LCC2VV

Interior

Cooling Electric

Fireplaces Type Living Room

Laundry Inside

Exterior

Garage Spaces 6.0

Garage Description 6.0

Pool None

Community Features Biking

View Y/N Yes

View Neighborhood

Building

Lot Description Corner Lot

Story 1

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Los Angeles Unified

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Joseph Nuzzolo • Thompson Team Real Estate, Inc. • 310-774-2163
Bought with Bryant Hoover • Thompson Team Real Estate, Inc.
Devone Richard

Broker | License ID: 1002115

+1(626) 500-1212 | devone@nextadvisors.properties

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