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617 82nd -1 - 617 West 82nd street Los Angeles, CA 90044
0.21 Acres of Commercial Land Offered at $925,000 in Los Angeles, CA 90044
Investment Highlights
- Vacant Land /Prime Infill
- High density rental market
- Zoned: R3-1 TOC Tier 1
Executive Summary
Property Facts Under Contract
| Price | $925,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Apartment Units - Subsidized |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land |
| Price | $925,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units - Subsidized |
| Total Lot Size | 0.21 AC |
1 Lot Available
Lot
| Price | $925,000 | Lot Size | 0.21 AC |
| Price Per AC | $4,332,573 |
| Price | $925,000 |
| Price Per AC | $4,332,573 |
| Lot Size | 0.21 AC |
Development opportunity! 9300 square feet of vacant land with an alleyway. High density rental area, perfect for residential development or Section 8 housing. Zoned R3-1/ TOC Tier 1.Zoned R3-1/ TOC Tier 1. Buyer to investigate and confirm zoning .
Description
Development opportunity! 9300 square feet of vacant land with an alleyway. High density rental area, perfect for residential development or Section 8 housing. Zoned R3-1/ TOC Tier 1. Buyer to investigate and confirm zoning with the city of Los Angeles. **A 100% New construction -2-story -19-unit-100% affordable apartment built next door ( 2021 build ) on an identical lot. (Buyer to investigate the information was sourced from city records). The subject property is located in a high demand and densely populated rental market. Close to public transportation, freeway system, retail, food services, house of worship and schools. Strong demand for New housing in this sector of the Los Angeles housing market. Buyer is advised to perform their own personal due diligence with regards to development potential. Seller has "NON APPROVED" renderings for a 16-unit multi family apartment building. Disclosure: Broker/Agent does not guarantee accuracy of square footage, lot size, zoning, rent control, permits, use code, schools and/or other information concerning the conditions or features of the property information was provided by the seller or obtained from public records or other sources. Buyer is advised to independently verify the accuracy of all information through personal inspection and with appropriate professionals. Buyer is advised to verify land use with city of Los Angeles. CDC COVID19 guidelines are to be followed.
PROPERTY TAXES
| Parcel Number | 6032-024-021 | Improvements Assessment | $0 |
| Land Assessment | $117,693 | Total Assessment | $117,693 |
PROPERTY TAXES
zoning
| Zoning Code | R3-1/ TOC-1 |
| R3-1/ TOC-1 |
Presented by
617 82nd -1 - 617 West 82nd street Los Angeles, CA 90044
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