114-120 E Adams Blvd | Los Angeles, CA 90011
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- LoopNet Team
114-120 E Adams Blvd
Los Angeles, CA 90011
Land For Sale
·
0.33 AC
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
Property Facts
| Property Type | Land | Proposed Use | |
| Property Subtype | Residential | Total Lot Size | 0.33 AC |
| Zoning | R4 - The property consists of two contiguous parcels zoned R4. | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.33 AC |
| Zoning | R4 - The property consists of two contiguous parcels zoned R4. |
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.
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
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