Located in a premier Opportunity Zone in the heart of West Adams, this LARD1.5-zoned parcel offers a rare, SB 8-exempt, and non-rent-controlled development opportunity with a streamlined path to market-rate construction. This is for only Lot 1, as seen in photos, provides an opportunity to build a by-right triplex, plus… Read More the addition of an ADU yields a fourplex in one of the nation's fastest-growing sub-markets. Capitalize on the immense demand from expanding nearby offices for Apple, Amazon Studios, and HBO. Future residents will enjoy easy access to Whole Foods, Mizlala, the newly opened Maydan Market, and all the trendy destinations along Adams Blvd. The site is uniquely positioned as a standalone project or as part of a strategic five-lot assembly totaling a half-acre with plans for 16 small-lot homes. Unlike many central LA developments, this project requires no low-income set-asides or replacement units, allowing for 100% market-rate rental or sales potential. This is an ideal acquisition for developers seeking a high-margin exit or a stable, long-term hold in Los Angeles' most dynamic growth hub. Read Less
Courtesy of Sotheby's International Realty 310-481-6262
Listing Snapshot
Days Online
24
Last Updated
Property Type
Single Family Residence
Beds
2
Full Baths
1
Square Ft.
872
Lot Size
0.11 Acres
Year Built
1924
MLS Number
26829999
30 Days Snapshot Of 90016
$1.05M
+10%
(avg) sold price
13
+85%
homes sold
47
-50%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
None
Building
872 sq ft, Built in 1924, Levels: One, Detached/No Common Walls, Traditional
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