12
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$1,195,000
Est. payment /mo
10,885 Sqft Lot
Price Dropped by $105K
1157 - 1201 E 20th ST Los Angeles, CA 90011
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UPDATED:
10/14/2024 10:30 PM
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24440391
HOA Y/N No
Lot Size 10,885 Sqft
Property Description
We are pleased to present a 10,886 square foot double lot located at 1157-1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard. This offering is positioned on two (2) parcels totaling 10,886 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right. The lots are currently operating as a multifamily property with a total of seven (7) units giving a developer income while going through entitlements. The double lot is large offering developers a great opportunity to utilize ED1 with no maximum density requirement, and AB 2097 with no minimum parking requirement. Per ED1 this property has potential to bypass the maximum height requirements. Limited additional concessions or incentives are granted under the State Density Bonus program. By utilizing ED1 there is potential to up to eighty (80) units. This asset is positioned near many great local amenities including Trinity Recreation Center, 1720, Planet Fitness, The Boil Daddy, and 27th Street Bakery. Situated in a great South-Central Los Angeles Location, this offering presents an excellent opportunity for any developer to capitalize on a large double lot with the potential to build up to eighty (80) units utilizing ED1.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
Lot Description Value In Land
Sewer Other
New Construction No
Others
Senior Community No
Tax ID 5131008027
Special Listing Condition Standard
Listed by Jason Tuvia • Marcus & Millichap
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