Residential Redevelopment Opportunity- Lakewood, CA

PRIME UNENTITLED REDEVELOPMENT OPPORTUNITY – A rare and highly desirable residential land development opportunity for townhome condominiums or multifamily units in the heart of Lakewood, CA.
STRATEGIC LOCATION – Positioned on a corner lot along Pioneer Boulevard, spanning half of two residential blocks (207th & 208th Streets) and nestled between major streets of Del Amo Boulevard and Centralia Street.
GENEROUS LOT SIZE – Comprising five adjacent residential parcels containing single-family homes with a total lot size of 81,051 SF (1.86 acres) with 241 feet of frontage on Pioneer Boulevard.
PARCEL DETAILS – The offering consists of five parcels located in the City of Lakewood, CA
- 20707 Pioneer Boulevard – APN: 7059-021-022
- 11738 & 11748 207th Street – APN: 7059-021-021
- 11733 208th Street – APN: 7059-021-019
- 11734 207th Street – APN: 7059-021-018
- 11728 207th Street – APN: 7059-021-003
FAVORABLE ZONING & FUTURE UPDATES – Zoned MFR (Multifamily Residential) and designated as medium/high density residential. Updates to MFR standards, influenced by the City’s Housing Element, are expected mid-year to propose higher density requirements based on single-parcel or combined development.
REDEVELOPMENT FLEXIBILITY – The ability to tailor the project to either affordable, townhome condominiums, or multifamily units, allowing developers to meet various market demands.
THRIVING RESIDENTIAL MARKET – Located in a highly desirable area of Lakewood with strong demand for new housing developments and a growing population base.

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David Harrington