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- LoopNet Team
1848 Workman St
Los Angeles, CA 90031
Land For Sale
·
0.21 AC
INVESTMENT HIGHLIGHTS
- Opportunity Zone!
- Has already been Ellis'd.
- Down the street from the LA Brewery Artist Colony
- Oversized and extra-wide lot - 9,099 SF and 55 Feet Wide
- Buyer can continue the 18 Unit Condo Project Seller has begun
- A few blocks from LAC+USC Medical Center
PROPERTY FACTS
DESCRIPTION
Partners CRE | Compass Commercial are proud to present for sale an 18 Unit Development Opportunity in the quickly changing Lincoln Heights neighborhood of Los Angeles, within an Opportunity Zone! The property has been Ellis'd and a Buyer can continue the 18 Unit Entitlement work started by the Seller and with a Demo Permit in the Clearance Stage. The Project would have two Affordable Units (one Extremely Low & one Very Low Income Unit). The oversized 9,099 SF R3-1 Tier 1 lot has 55 feet of frontage allowing for simpler designs to max the parking scenario if a Buyer were interested in doing a smaller project for ease, speed & economy. With LAC+USC Medical Center a few blocks to the south, the LA Brewery Artist Colony to the west, this location is quickly becoming a premier neighborhood. Solar Panels are not included in the sale.
