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Glen Henderson

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

$900,000

Est. payment - /mo

6,024 Sqft Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID DW26179408

Lot Size 6,024 Sqft

Property Sub-Type Lots/Land

Type of Financing Cash,Conventional,Exchange

Property Type Lots/Land

Property Description

Rare shovel-ready multifamily development opportunity in East Los Angeles! Vacant site with RTI-approved plans for a 25-unit, 4-story multifamily project with roof terrace. Approved plans include 19 / 1-bed 1-bath units and 6 studios, including 3 designated low-income affordable studios and 22 market-rate units. Significant entitlement and pre-development work completed, offering developers and investors a substantial head start toward construction. Prime location near Boyle Heights, Downtown LA, Lincoln Heights, Little Tokyo, Arts District, USC/Keck Medical Center, Los Angeles General Medical Center, schools, shopping, restaurants, transit and major freeways. Current area rental indicators are approximately $2,100 $2,350 for 1-bedrooms and $1,650$1,850 for studios. RTI plans and development documents available to qualified buyers. **LAND-ONLY PURCHASE OPTION **without approved plans for buyers wishing to pursue their own development concept. "SEE ATTACHED PDF FOR FULL DESCRIPTION"

Location

State CA

County Los Angeles

Direction E 1st St east of Soto St (Boyle Heights). South side of the street.

Interior

Fireplace No

Exterior

Utilities Available Below Ground, Electric, Natural Gas, Telephone

View Y/N No

Others

Senior Community No

Tax ID 5180021001

Acceptable Financing Cash, Conventional, Exchange

Listing Terms Cash, Conventional, Exchange

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Listed by Maria Moreno, DRE#02014010 Regional Real Estate

Nearby School & Business

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Glen Henderson

+1(619) 889-7646

Broker Associate CA BRE #01384181

San Diego Communities

2900 E 1st Los Angeles, CA 90033

Glen Henderson

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

Get More Information