$589,000

Situated in the desirable and prime community of Signal Hill, this exceptional vacant lot on Ohio Avenue presents a rare opportunity for builders, developers, and investors looking to build in one of the most centrally located pockets of Los Angeles County. This parcel (APN 7215-027=032) offers a strong development foundation with extensive preliminary work already completed. Methane gas testing, soil reports, and geotechnical review for development feasibility on the site has been finalized, providing valuable due-diligence documentation for prospective buyers. In addition, surface and subsurface rights are relinquished and not tied to any working interest owners, i.e. petroleum companies, addressing historical oil use consideration common in the area. The property has received Phase I & II Methane Gas Assessment Report for completion and approval, further advancing the development of site readiness. These completed requirements and reports may significantly reduce early-stage investigative work for future development planning. Located near Discovery Well Park, as well as, minutes from the beaches and vibrant coastal amenities of Long Beach, the lot benefits from a prime location with convenient access to shopping, dining, corridors and major transportation. Important Notice: All reports, studies, and information provided are believed to be accurate but are not guaranteed. Buyer and buyer agent are strongly advised to independently verify all information, reports, zoning, and development requirements with the appropriate professionals and City of Signal Hill. Seller and listing broker make no guarantees regarding accuracy. Buyer to perform their own due diligence regarding the property and its potential uses. This is a unique opportunity to acquire a well-researched parcel in a high=demand coastal market, ideal for those seeking their next development project in Signal Hill. Zone: SP2/Hilltop specific plan - Single family home with ADU or Junior ADU. Contact the City of Signal Hill for more information. Do your due diligence.