For Sale
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Property summary
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.
Property profile
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Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
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from $99/month
Derived from the Los Angeles market rent, vacancy and expense benchmarks for this use type.
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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