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$3,450,000
Est. payment /mo
0.49 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25521943
Lot Size 0.491 Acres
Acres 0.49
Property Description
Incredible development opportunity just 500 feet from the Metro station! This offering includes two contiguous commercial-zoned parcels totaling approximately 21,400 SF. One parcel features a 3-unit building; the other includes five (5) detached 2-bedroom bungalows. Combined gross annual income is approximately $75,000 with one unit currently vacant, providing immediate upside potential.Preliminary drawings are available for a proposed 120-unit residential development targeting moderate- to low-income housing. Ideal for developers seeking a transit-oriented site with income in place during planning and entitlement.Do not disturb tenants. Contact listing agent for additional information and to access preliminary plans.
Location
State CA
County Los Angeles
Area Boyle Heights
Zoning LUM3-SH3-4 XC1-4-CPIO
Exterior
View Y/N No
View None
Building
Lot Description 2-4 Lots
Water Water District
Others
Special Listing Condition Standard
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Listed by Exclusive Realty Inc
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