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$ 1,700,000
Est. payment | /mo
8,646 Sqft Lot
$ 1,700,000
Est. payment | /mo
8,646 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25576855
HOA Y/N No
Land Lease Amount 2625.0
Lot Size 8,646 Sqft
Property Description
Exceptional Boyle Heights development opportunity on highly visible E 1st Street, just steps from the Metro E Line and major transit corridors. The 8,645 SF lot, zoned LAC2-1-CUGU and located within TOC (Transit Oriented Communities) Tier 4, allows for 21 units by-right and up to 38 units with TOC incentives (buyer to verify). The property features a 960 SF building currently operating as a restaurant on a month-to-month tenancy, providing interim income while pursuing entitlements. The area is seeing a wave of new multifamily construction, with strong demand driven by its walkability, transit access, and central location. A great opportunity to own a well-located infill site with strong potential for increased density.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAC2
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5180006005
Special Listing Condition Standard
Listed by Michael R. Fukushima Keller Williams Los Angeles
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Walter Baneggas
REALTOR® | Lic# 01849033