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].
Property Details
Price:
$1,150,000
MLS #:
25494889
Status:
Active
Baths:
0
Address:
257 E Vernon Avenue 5113017014
Type:
Land
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Feb 5, 2025
State:
CA
ZIP:
90011
Lot Size:
10,305 sqft / 0.24 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
View
None
Financial
Map
Community
- Address257 E Vernon Avenue 5113017014 Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
Similar Listings Nearby
- 1412 S Union Avenue 5135023025
Los Angeles, CA$1,490,000
2.69 miles away
- 6801 S Figueroa Street 6013019016
Los Angeles, CA$1,330,000
1.95 miles away
- 1250 S Lake Street 5136024018
Los Angeles, CA$1,300,000
3.11 miles away
- 6510 S Main Street 6011001063
Los Angeles, CA$1,295,000
1.66 miles away
- 1833 W Pico Boulevard 5137034017
Los Angeles, CA$1,250,000
2.96 miles away
- 7323 Crenshaw Boulevard 4012018001
Los Angeles, CA$1,250,000
4.12 miles away
- 1242 Fedora Street 5078033013
Los Angeles, CA$1,225,000
3.40 miles away
- 233 Glendale Boulevard 5159016012
Los Angeles, CA$1,195,000
4.26 miles away
- 4521 Saturn Street 5071013057
Los Angeles, CA$1,195,000
4.68 miles away

257 E Vernon Avenue 5113017014
Los Angeles, CA
LIGHTBOX-IMAGES