306-318 E 4th St
Los Angeles, CA 90013
Multi-Family Development Site · Land For Sale
·
0.36 AC
Investment Highlights
- DTLA Toy District Location Near Little Tokyo and Arts District
- Current $19,200 Gross Monthly Income From 4 Tenants
- Ideal Development Site for Low Income/Affordable Housing
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.36 AC |
| Zoning | LA C2-2D | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.36 AC |
| Zoning | LA C2-2D |
Description
Prime DTLA Toy District commercial purchase opportunity. Great for developer. Ideal development site for low income/affordable housing. Tier 3 TOC which encourages the construction of affordable housing near bus and train stations with a 70% increase in density/50% increase in FAR. 150' frontage on East 4th Street. Current $19,200 gross monthly income from 4 tenants. Adjacent to Little Tokyo and the DTLA Arts District. Located in State Enterprise Zone, Greater Downtown Housing Incentive Area, and Redevelopment Project Area. Located in a Designated Qualified Opportunity Zone (tax benefits). 306-318 E 4th Street will benefit from the proposed DTLA 2040 Community Plan, which will will allow for long-term upside due to a significant emphasis on community growth and development. The DTLA 2040 Plan will increase jobs, housing, transportation, open space, and amenities, adding 125,000 new residents, 70,000 new housing units, and 55,000 new jobs. Please do not disturb tenants.
Property Taxes
| Parcel Numbers | Improvements Assessment | $70,787 | |
| Land Assessment | $577,959 | Total Assessment | $648,746 |
Property Taxes
