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- LoopNet Team
1822 Johnston St
Los Angeles, CA 90031
THE BRINE - Air Rights OR MASTER PARCEL SALE · Land For Sale
·
3.67 AC
INVESTMENT HIGHLIGHTS
- New mixed-use project set to complete later in 2024 with variety of opportunities to be a part of this exciting new project!
- PROPERTY TYPE 1 - Land Lease: Vacant land includes city approved plans for 5 story parking structure + medical office
- PROPERTY TYPE 3 (Master Parcel Sale)- Full acquisition of the entire master parcel including all of OPTION 1 & 2. MF units from mixed-use not included
- DEVELOPMENT HAS OFFICIALLY RECEIVED TCO!
- PROPERTY TYPE 2 - Air Rights Sale OR Lease: Ground floor commercial space ideal for gym/grocery/retail with 97 unit apartment complex above
PROPERTY FACTS
DESCRIPTION
Exceptional opportunity to control prime commercial real estate in Lincoln Heights. Property is part of a larger development that includes a newly built 97 unit affordable housing apartment complex (has recently officially received TCO from the city - see Offering Memorandum for more details) providing exceptional daily traffic along with strong neighborhood demographics. Ideally situated for an owner-user as grocery tenant, medical office practice (including out-patient surgery), and/or gym, as well as multiple other uses, this vacant land can be built-to-suit. Property is conveniently located near mass transit, Keck Hospital of USC, and major freeways. The Property, which consists of two separate areas within a Master Parcel, is marketed as one project, but they can be negotiated separately (see Offering Memorandum for more details).
