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$3,450,000
Est. payment /mo
0.49 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25521943
HOA Y/N No
Lot Size 0.491 Acres
Lot Dimensions Assessor
Property Description
Incredible development opportunity just 500 feet from the Metro station! This offering includes two contiguous commercial-zoned parcels totaling approximately 21,400 SF. One parcel features a 3-unit building; the other includes five (5) detached 2-bedroom bungalows. Combined gross annual income is approximately $75,000 with one unit currently vacant, providing immediate upside potential.Preliminary drawings are available for a proposed 120-unit residential development targeting moderate- to low-income housing. Ideal for developers seeking a transit-oriented site with income in place during planning and entitlement.Do not disturb tenants. Contact listing agent for additional information and to access preliminary plans.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LUM3-SH3-4 XC1-4-CPIO
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5183010006
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Special Listing Condition Standard
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Listed by Camiar Rabban Exclusive Realty Inc