906 23Rd St Los Angeles, CA 90011

This exceptional 1937 Neoclassical church, located at 906 E 23rd St, Los Angeles, CA 90011, presents a unique redevelopment opportunity. The 6,232 sq ft lot currently features an 8,648 sq ft vacant structure at close of escrow. Situated in a dense, vibrant community, it offers easy access to Downtown LA and multiple Metro lines. The property benefits from its location in both an Opportunity Zone and an Enterprise Zone, providing significant tax incentives and economic advantages for investors. Proximity to USC, the LA Convention Center, and the Fashion District further enhances its appeal. The existing structure, while listed on the City of Los Angeles Survey LA inventory of historic buildings, is not designated as a historical monument, allowing for potential adaptive reuse or redevelopment. The maximum unit count is five, including ADUs, with a maximum build size of 16,200 sq ft for all livable structures. The property includes a sanctuary with pews, choir loft, and altar, a choir room, office, and a private parsonage offering additional living space. The expansive basement features a kitchen, two bathrooms, and a large fellowship hall. The property is being sold as-is and requires repairs. The LAR4 zoning permits various uses, including religious purposes, making it suitable for a church, temple, or other community-focused projects. This is a rare chance to acquire a significant property in a high-growth area of Los Angeles. The asking price is $1,195,000.