$1,195,000
1157 E 20th Street Los Angeles, CA 90011
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$1,195,000
Est. payment /mo
10,886 Sqft Lot
UPDATED:
10/14/2024 10:53 PM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL24440391
HOA Y/N No
Lot Size 10,886 Sqft
Acres 0.25
Property Description
We are pleased to present a 10,886 square foot double lot located at 1157-1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard. This offering is positioned on two (2) parcels totaling 10,886 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right. The lots are currently operating as a multifamily property with a total of seven (7) units giving a developer income while going through entitlements. The double lot is large offering developers a great opportunity to utilize ED1 with no maximum density requirement, and AB 2097 with no minimum parking requirement. Per ED1 this property has potential to bypass the maximum height requirements. Limited additional concessions or incentives are granted under the State Density Bonus program. By utilizing ED1 there is potential to up to eighty (80) units. This asset is positioned near many great local amenities including Trinity Recreation Center, 1720, Planet Fitness, The Boil Daddy, and 27th Street Bakery. Situated in a great South-Central Los Angeles Location, this offering presents an excellent opportunity for any developer to capitalize on a large double lot with
Location
State CA
County Los Angeles
Area Listing
Zoning LAR3
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 5131008027
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Listed by Jason Tuvia • Marcus & Millichap
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Parisa Samimi
Founder & Real Estate Broker | License ID: 01858122
Founder & Real Estate Broker License ID: 01858122