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$ 750,000
Est. payment | /mo
6,756 Sqft Lot
$ 750,000
Est. payment | /mo
6,756 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID SR26022228
HOA Y/N No
Lot Size 6,756 Sqft
Property Description
MAJOR PRICE MODIFICAITON, JUST REDUCED PRICE BY $100,000 ONLY FOR SERIOUS BUYERS! 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.
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.
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
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.
MOTIVATED SELLERS! LET'S PRESENT YOUR OFFER.
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.
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
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.
MOTIVATED SELLERS! LET'S PRESENT YOUR OFFER.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Sidewalks, Urban
Utilities Available Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
View Y/N No
View None
Present Use Multi-Family
Building
Lot Description 0-1 Unit/Acre, Near Public Transit, Paved, Value In Land, Yard
Water Public
New Construction No
Others
Senior Community No
Tax ID 5180004003
Acceptable Financing Cash, Cash to New Loan, Submit
Listing Terms Cash, Cash to New Loan, Submit
Special Listing Condition Standard
Listed by Verzhine Uzunyan Koenig Properties 818-521-8088, DRE #00984953
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