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2522 E 1st St - 2522 E 1st St 0.2 Acres of Commercial Land Offered at $1,700,000 in Los Angeles, CA 90033
Investment Highlights
- Great Development Opportunity!
- 21 UNITS BY RIGHT, 38 WITH TOC INCENTIVES! (BUYER TO VERIFY)
- TOC TIER 4!
- Located just minutes away from the Metro E Line!
Executive Summary
: Exceptional Boyle Heights development opportunity on highly visible E 1st Street, just steps from the Metro E Line and major transit corridors. The
8,645 SF lot, zoned LAC2-1-CUGU and located within TOC (Transit Oriented Communities) Tier 4, allows for 21 units by-right and up to 38 units with TOC
incentives (buyer to verify). The property features a 960 SF building currently operating as a restaurant on a month-to-month tenancy, providing interim income while pursuing entitlements. The area is seeing a wave of new multifamily construction, with strong demand driven by its walkability, transit access, and central location. A great opportunity to own a well-located infill site with strong potential for increased density.
8,645 SF lot, zoned LAC2-1-CUGU and located within TOC (Transit Oriented Communities) Tier 4, allows for 21 units by-right and up to 38 units with TOC
incentives (buyer to verify). The property features a 960 SF building currently operating as a restaurant on a month-to-month tenancy, providing interim income while pursuing entitlements. The area is seeing a wave of new multifamily construction, with strong demand driven by its walkability, transit access, and central location. A great opportunity to own a well-located infill site with strong potential for increased density.
Property Facts
| Price | $1,700,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.20 AC |
| Property Type | Land | ||
| Zoning | LAC2-1-CUGU - Commerical | ||
| Price | $1,700,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.20 AC |
| Zoning | LAC2-1-CUGU - Commerical |
1 Lot Available
Lot
| Price | $1,700,000 | Lot Size | 0.20 AC |
| Price Per AC | $8,565,871.55 |
| Price | $1,700,000 |
| Price Per AC | $8,565,871.55 |
| Lot Size | 0.20 AC |
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Excellent Transit (71)
Bike Score®
Very Bikeable (73)
Property Taxes
| Parcel Number | 5180-006-005 | Improvements Assessment | $94,816 |
| Land Assessment | $446,205 | Total Assessment | $541,021 |
Property Taxes
Parcel Number
5180-006-005
Land Assessment
$446,205
Improvements Assessment
$94,816
Total Assessment
$541,021
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2522 E 1st St - 2522 E 1st St
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