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Glen Henderson

[email protected] +1(619) 889-7646

$750,000

Est. payment - /mo

4 Beds

2 Baths

6,754 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR26022151

Bedrooms 4

Lot Size 6,754 Sqft

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash

Property Type Res Income 2-4 Units

Property Description

MAJOR PRICE REDUCTION OF $100,000 - THIS IS AN OPPERTUNITY FOR SERIOUS BUYERS ONLY! Boyle Heights Opportunity: An outstanding opportunity for owner-users, investors, developers, or buildersideal for adding ADUs or pursuing a full ground-up multifamily project. Currently on the property: 2 separate houses and with 2 car garage on the property. Structures at approximately 2,234 square feet. Front Unit is vacant with 3 bedrooms & 1 bath with approx. 1418 square feet Back Unit is tenant occupied with 1 bedroom and 1 bath at approx. 816 square feet and can negotiate to be vacant at escrow closing. Generous lot size of 6,751 square feet and Zoning is RD1.5 BUILERS & DEVELOPERS: Development Potential: 4.5 units by right (RD1.5) Up to 8 units with TOC Tier 4 (80% bonus) With the newly approved Boyle Heights Community Plan Update designating this area for higher-density use, the site is primed for significant upside. Options include: Retain the front house and replace the rear structure with 23 new units or remove both structures and build up to 8 units under TOC incentives. VALUE ADD: Retain the front house and replace the rear structure with 23 new units. LOCATION HIGHLIGHTS: A premier Boyle Heights locationminutes from Downtown LA, the 6th Street Bridge, Cal State LA, major freeways, schools, restaurants, parks, and LAC+USC Hospital & blocks away from the metro line.

Location

State CA

County Los Angeles

Zoning Assessor

Direction On Soto between 1st Street and 3rd PlACE

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Senior Community No

Tax ID 5180004003

Acceptable Financing Cash

Listing Terms Cash

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Listed by Verzhine Uzunyan, DRE#00984953 Koenig Properties
Co-listed byEdgar Koenig • Ed Koenig IRE

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

San Diego Communities

206 S Soto Los Angeles, CA 90033

Glen Henderson

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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