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Key Details
Sold Price $800,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Hollenbeck Park Heights Tract
MLS Listing ID 24-427139
Sold Date 11/14/24
Lot Size 4,404 Sqft
Acres 0.101
Property Description
RTI approved permits for a "Shovel-Ready", non-rent controlled (no low-income requirement / no SB 8), 4-unit multifamily development that will overlook the downtown Los Angeles skyline and is within close walking proximity to the new 6th Street Bridge and P.A.R.C. under construction. Adding greater value, on December 12, 2023, the LA City Council voted to adopt the Boyle Heights Community Plan with rezoning amendments that will allow up to 20 residential units / 13,203.6 buildable sq. ft. with max bonus. In addition, the new zoning allows for the option of mixed-use development with no restriction on building height and the number of residential units will still remain up to 11 market rate units or up to 20 units with max bonus!
Location
State CA
County Los Angeles
Area Boyle Heights
Zoning LAC1
Exterior
View Y/N Yes
View City, City Lights, Mountains, Walk Street, Skyline
Building
Lot Description Fenced, Street Lighting, Sidewalks, Lot Shape-Rectangular, Lot-Level/Flat, Alley Paved, Curbs, Single Lot
Sewer In Street, On Site
Water District
Schools
School District Los Angeles Unified
Others
Special Listing Condition Standard
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The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2024 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Bought with Century 21 Allstars
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