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$1,195,000
Est. payment /mo
6,234 Sqft Lot
UPDATED:
09/23/2024 10:21 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24-426808
Lot Size 6,234 Sqft
Acres 0.1431
Property Description
25% Price Reduction! A possible affordable housing development opportunity at 906 E 23rd Street, just south of Downtown Los Angeles. The 6,232 sq. ft. lot currently has an 8648 sq. ft. structure that will be delivered vacant at close of escrow. Located in a dense community with an easy commute to Downtown and close to multiple Metro local lines, Metro A Line (Blue) to Long Beach and Metro E Line (Gold) to Santa Monica. The property is located in the Opportunity Zone which offer incentives for investing in low-income communities. Opportunity Zones programs offer three tax incentives through a qualified Opportunity Fund. Property is also centered in the Enterprise Zone which the Federal, State and City governments provide economic incentives to stimulate local investment and employment through tax and regulation relief and improvement of public services. Located 2 miles from USC and the LA Convention Center, close to the Fashion District Downtown and the Los Angeles Trade Technical College. Maximum Unit Count is 4 (four) Units 2 units plus a 1,200 sq. ft ADU and a 500 sq. ft. JADU. Maximum Build Size is 10,800 sq. ft. for all livable structures. Heigth Limit is 3 Stories (33 ft.) Property down the street is building a three story duplex and 2 two story ADUs. a total of three buildings. Maximum Build Size is 16,200 sq. ft for all livable structures. (Information provided by Flipro.) Contact LA1 for further information.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning [Q]LAR4
Exterior
Waterfront Description None
View Y/N Yes
View Walk Street
Building
Sewer In Street
Water In Street
Others
Special Listing Condition Standard
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Listed by Coldwell Banker Realty
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