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 buildersideal 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 locationminutes 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.
| MLS # | SR26022228 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Pending |
| Days On Site | 210 |
| Listing Provided By | Koenig Properties | Verzhine Uzunyan |
| Zoning | LARD1.5 |
|---|---|
| Acreage | 0.16 |
| Property View | None |
| Lot Features | Zero To One Unit Acre, Near Public Transit, Paved, Value In Land, Yard |
|---|
| Utilities | Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected |
|---|
| Community Features | Sidewalks, Urban |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $750,000 low | high Med: $795,000 On site: 210 low | high Med: 314 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $750,000 low | high Med: $795,000 On site: 210 low | high Med: 314 | |
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