455-465 31St StLos Angeles, CA 90011

This exceptional Los Angeles investment property, located at 455-465 E 31st Street, offers a unique blend of retail and land development potential. The property encompasses approximately 9,834 square feet of existing buildings situated on a sizable 13,600 square foot lot. Currently, the site includes a warehouse and two vacant single-family residences, presenting a versatile canvas for redevelopment. Strategically positioned at the northwest corner of East 31st Street and Trinity Street, this location benefits from proximity to USC campus and Exposition Park (one mile east) and Downtown Los Angeles (one mile south). The property's zoning (LA RD2) allows for a wide range of uses, including one-family and multi-family dwellings, apartment buildings, and community centers, subject to verification with the City of Los Angeles. While the current land use is light industrial/light manufacturing, the potential for high-density development exists, with ED1 zoning potentially allowing unlimited density for 100% affordable housing (buyer to verify). The asking price is $2,100,000, translating to a land value of $154.41 per square foot. Individual parcel APNs are 5128-006-022