1401-1421 S Main St | Los Angeles, CA 90015
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- LoopNet Team
1401-1421 S Main St
Los Angeles, CA 90015
Land For Sale
·
0.85 AC
INVESTMENT HIGHLIGHTS
- 0.85 AC block to block development site
- Assemblage of 5 Parcels Zoned C2
- State Density Bonus Available
- Located at 14th & Main in the Fashion District
- Transit Oriented Communities Tier 3
- Designated Qualified Opportunity Zone
PROPERTY FACTS
DESCRIPTION
There are currently four commercial properties on the site totaling 28,185 SF and generating approximately $571,428/year in gross income. The site may take advantage of the state density bonus or the Transit Orient Communities Tier 3 designation to achieve maximum density, estimated up to 128 units. The site lies within the Qualified Opportunity Zone, presenting additional tax advantages to investors.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $2,110,520 | |
| Land Assessment | $3,107,108 | Total Assessment | $5,217,628 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$3,107,108
Improvements Assessment
$2,110,520
Total Assessment
$5,217,628
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