Log In/Sign Up
Your email has been sent.
114-120 E Adams Blvd 0.33 Acres of Residential Land Offered at $1,950,000 in Los Angeles, CA 90011
INVESTMENT HIGHLIGHTS
- Eligible for ED-1 with potential for up to 91 units
- Zoned R4 and eligible for AB 2097 - exempt from parking requirements
- Opportunity Zone - provides significant tax incentives
- Priced at $21,400 per unit and $134 per land SF
- Adjacent corner building (2600 S Main St) also available for sale
- Only 3 blocks away from one of USC's largest off-campus student housing development—the Lorenzo Apartments
EXECUTIVE SUMMARY
Unentitled land with potential for up to 91 units using ED-1. Priced at $133 per land SF, and $21,428 per unit. Two R4-zoned lots, located only 3 blocks from the Lorenzo Apartments—one of USC's largest off-campus student housing communities. The site is located within an Opportunity Zone. One parcel contains a single-story 4-unit residential apartment building with Month-To-Month tenants, and the other parcel is currently used as a parking lot.
PROPERTY FACTS In Escrow
| Price | $1,950,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.33 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R4 - The property consists of two contiguous parcels zoned R4. | ||
| Price | $1,950,000 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.33 AC |
| Opportunity Zone |
Yes |
| Zoning | R4 - The property consists of two contiguous parcels zoned R4. |
1 LOT AVAILABLE
Lot
| Price | $1,950,000 | Lot Size | 0.33 AC |
| Price Per AC | $5,825,120.91 |
| Price | $1,950,000 |
| Price Per AC | $5,825,120.91 |
| Lot Size | 0.33 AC |
DESCRIPTION
Unentitled land with potential for up to 91 units using ED-1. Priced at $133 per land SF, and $21,428 per unit. Two R4-zoned lots, located only 3 blocks from the Lorenzo Apartments—one of USC's largest off-campus student housing communities. The site is located within an Opportunity Zone. One parcel contains a single-story 4-unit residential apartment building with Month-To-Month tenants, and the other parcel is currently used as a parking lot. See attached feasibility study for more information.
1 1
Walk Score®
Very Walkable (88)
Transit Score®
Excellent Transit (88)
Bike Score®
Very Bikeable (85)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $108,242 | |
| Land Assessment | $1,298,916 | Total Assessment | $1,407,158 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,298,916
Improvements Assessment
$108,242
Total Assessment
$1,407,158
1 of 5
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
114-120 E Adams Blvd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.