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- LoopNet Team
2323 E 3rd St
Los Angeles, CA 90033
Land For Sale
·
0.49 AC
INVESTMENT HIGHLIGHTS
- 500 feet from metro
- Main corridor.
- Signalized Corner lot | with an alley in the back
PROPERTY FACTS
DESCRIPTION
Incredible development opportunity just 500 feet from the Metro station! This offering includes two contiguous commercial-zoned parcels totaling approximately 21,400 SF. One parcel features a 3-unit building; the other includes five (5) detached 2-bedroom bungalows. Combined gross annual income is approximately $85,000 with one unit currently vacant, providing immediate upside potential. Preliminary drawings are available for a proposed 120-unit residential development targeting moderate- to low-income housing. Ideal for developers seeking a transit-oriented site with income in place during planning and entitlement. Do not disturb tenants. Contact listing agent for additional information and to access preliminary plans.
PROPERTY TAXES
| Parcel Number | 5183-010-006 | Improvements Assessment | $341,347 |
| Land Assessment | $1,069,557 | Total Assessment | $1,410,904 |
PROPERTY TAXES
