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 builders ideal for adding ADUs or pursuing a full ground-up multifamily project. Currently on the property: 2 separate houses and with 2 car… Read More 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 2 3 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 2 3 new units. LOCATION HIGHLIGHTS: A premier Boyle Heights location minutes 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. Read Less
Courtesy of Koenig Properties 818-755-8088
Listing Snapshot
Days Online
133
Last Updated
Property Type
Other
Beds
4
Square Ft.
2,234
Lot Size
0.16 Acres
Year Built
1928
MLS Number
SR26022151MR
Additional Details
Building
2,234 sq ft, Built in 1928, "Detached/No Common Walls"
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