CA > Los Angeles
Los Angeles, CA 90011,257 E Vernon Ave
Los Angeles, CA 90011,257 E Vernon Ave
Los Angeles, CA 90011,257 E Vernon Ave
Los Angeles, CA 90011,257 E Vernon Ave
Los Angeles, CA 90011,257 E Vernon Ave
Los Angeles, CA 90011,257 E Vernon Ave
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Max Lee

Max Lee

+1(213) 434-2433
$ 1,150,000
Est. payment | /mo

10,305 Sqft Lot

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$ 1,150,000
Est. payment | /mo
Save

10,305 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25494889

Lot Size 10,305 Sqft

Acres 0.2366

Property Description

257 E Vernon Ave is a former Church's Chicken restaurant & vacant land development opportunity in a prime South Central location. The 10,305 square foot corner-lot hosts an 800 square foot vacant restaurant space, formerly occupied by Church's Chicken, a national QSR tenant. The all-electric structure was built in 1969 and does not currently have a drive thru component. The tenant's absolute NNN lease expired on Dec 27, 2024, so the lot is now completely vacant. 257 E Vernon is zoned for multifamily use with an LAR3 zoning and Tier 3 TOC designation, and as an ED1 eligible site, it provides the perfect multifamily development opportunity for both market rate, TOC and affordable projects. The site also provides the opportunity to be re-tenanted at market rents with a new restaurant operator. The parcel is a quarter-acre hard signalized corner at the intersection of Vernon & San Pedro, located in a dense infill area with high traffic counts and strong foot traffic. The R3 - TOC 3 zoning allows for +/- 12 residential units by right, up to +/- 26 units utilizing the CHIP (Citywide Housing Incentive Program), or 75+ units via Unlimited Density with an ED1 100% Affordable Project (Buyer to verify). At $111/SF of land, no RSO obligations, no relocation fees, and no Ellis Act requirements, this site is priced to sell. With easy access to the 110 and 10 freeways, future tenants will have an easy commute across the entire Greater LA area. [VISIT PROPERTY WEBSITE HERE: https://www.lamultifamilybroker.com/listings/257-e-vernon-ave-2].

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR3

Exterior

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Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Lyon Stahl Investment Real Estate, Inc.
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257 E Vernon Ave