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Glen Henderson

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

$750,000

Est. payment - /mo

6,754 Sqft Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR26022228

Lot Size 6,754 Sqft

Property Sub-Type Lots/Land

Type of Financing Cash

Property Type Lots/Land

Property Description

MAJOR PRICE MODIFICAITON, JUST REDUCED PRICE BY $100,000 ONLY FOR SERIOUS BUYERS! Boyle Heights Opportunity: An outstanding opportunity for owner-users, investors, developers, or buildersideal for adding ADUs or pursuing a full ground-up multifamily project. 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. 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 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. MOTIVATED SELLERS! LET'S PRESENT YOUR OFFER.

Location

State CA

County Los Angeles

Direction On Soto near 1st Street

Interior

Fireplace No

Exterior

Utilities Available Electric, Telephone

View Y/N No

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

Others

Nearby School & Business

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