257 E Vernon Ave, Los Angeles, CA 90011

Vacant Former Church’s Chicken Location | 0.24 Acre Corner Lot, ED1 Eligible

Download Offering Memorandum

$1,150,000

Property Highlights

Restaurant site built in 1969
10,305 SqFt corner lot; 0.24 Acres
Zoned LAR3, multifamily residential. ED1 Eligible.
Signalized hard corner in South Central
Recently occupied by large national credit tenant Church’s Chicken (vacated 12/27/2024)
Dense infill location with large traffic counts
Strong redevelopment potential with R3 - Tier 3 TOC
2024 3-mile population of 460,248
Only restaurant in immediate location
Corner of San Pedro St & Vernon Ave
12 units by right or 75+ with ED1 (Buyer to verify)

The Opportunity

The Glaser Group is pleased to present 257 E Vernon Ave, a former 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.