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1782-1786 N Spring St 7,037 SF Office Building Los Angeles, CA 90031 $1,995,000 ($283.50/SF)
INVESTMENT HIGHLIGHTS
- Two parcels totaling 17,180 square feet of land and 7,037 in existing improvements.
- Proven market for new, market rate and affordable housing with more projects in the pipeline.
- Transit oriented location with proximity to mass transit and the freeway system.
- Zoning conducive to high density multifamily redevelopment.
- Amenity based location with quality frontage along Spring Street.
- Located in an Opportunity Zone.
EXECUTIVE SUMMARY
The property is located in CASP Cornfield Arroyo Seco Specific Plan and in an Opportunity Zone. The size of the building is 7,037 SF and the lot size is 17,180 SF. OWNER WILL CONSIDER ALL OFFERS.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
Redevelopment Project
Property Type
Office
Property Subtype
Loft/Creative Space
Building Size
7,037 SF
Building Class
C
Year Built
1950
Price
$1,995,000
Price Per SF
$283.50
Tenancy
Single
Building Height
1 Story
Typical Floor Size
7,037 SF
Building FAR
0.41
Lot Size
0.39 AC
Opportunity Zone
Yes
Zoning
LAUV - Urban Village (CASP)
Walk Score®
Very Walkable (77)
Bike Score®
Very Bikeable (74)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $381,730 | |
| Land Assessment | $825,044 | Total Assessment | $1,206,774 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$825,044
Improvements Assessment
$381,730
Total Assessment
$1,206,774
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1782-1786 N Spring St
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