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1773-1797 N Main St - 1779 Albion St 0.21 Acres of Residential Land Offered at $1,299,000 in Los Angeles, CA 90031



Investment Highlights
- Transit Oriented Community (TOC) Eligible
- Strategic Location
- Multi-Family Development
- Transportation & Accessibility
Property Facts
1 Lot Available
Lot 2-3,6
| Price | $1,299,000 | Lot Size | 0.21 AC |
| Price Per AC | $6,241,381.46 |
| Price | $1,299,000 |
| Price Per AC | $6,241,381.46 |
| Lot Size | 0.21 AC |
Zoned LARD1.5 transit oriented community, possible to build up to 10 units, buyer to verify with city.
Description
1779 Albion St, Los Angeles 90031. Prime TOC Development Opportunity Near Downtown LA Adjacent corner property at 1771 Albion St (APN 5447-026-020) is also currently for sale (Separately), offering the rare opportunity to assemble both parcels for a combined total of approximately 15,850 sq.ft. of land. Together, these properties present excellent potential for multi-unit housing development (buyer to verify allowable uses with the City of Los Angeles). 1779 Albion St (APN 5447-026-019) includes two vacant structures ready for demolition on a 9,069 sq.ft. lot, located within a Transit Oriented Community (TOC) area near Downtown LA, Chinatown, Dodger Stadium, and the LA State Historic Park (Cornfield). Prime location next to Albion Riverside Park and along the LA River Revitalization Corridor, with easy access to the 5 and 110 freeways, Metro transit, and nearby commercial and entertainment hubs. A rare infill development opportunity in one of Los Angeles’ most connected and rapidly evolving neighborhoods.
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,898,219 | |
| Land Assessment | $4,267,680 | Total Assessment | $6,165,899 |
Property Taxes
Presented by
1773-1797 N Main St - 1779 Albion St
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