37-Unit Multi-family building opportunity! This prime real estate opportunity will be delivered with RTI 37 proposed units comprised of 80% (28) low-income units and 20% (8) moderate-income units and 1 managers unit. This offering consists of 7,001.5 square feet of land, zoned RD1.5-1-CUGU. Units will generate approximately $70,000-$80,000 in monthly income 10% ROI. Will be delivered with fully stamped and approved plans, ready to issue building permits, allowing the buyer to immediately commence construction. Conveniently located at 2515 and 2515 1/2 E. Houston St. By all major freeways, hospitals, arts district, DTLA, Cal State LA, East LA community college, and Dodger Stadium.
Beautiful Lot for Sale in Boyle Heights, Los Angeles Discover this prime 5,416 sq. ft. lot in the vibrant Boyle Heights area, just minutes from downtown LA. Ready-to-issue plans for a spacious 2,665 sq. ft. home with a 420 sq. ft. two-car garage and a detached 1,174 sq. ft. ADU (Accessory Dwelling Unit) are included with the sale. This lot offers a unique opportunity for developers or homeowners looking to create a new living space with additional rental potential. Act quickly to make this exceptional property yours and bring your vision to life in one of LA’s most sought-after neighborhoods.
No SB 8 requirement = build market rate units (lot has been vacant for over 6 years) and ZI 2452 exemption to parking. In addition, this is an ED1 qualifying lot with density bonus = developer can build an unlimited number of units within 21,181 sq. ft. (3:1 FAR) and a 78 feet height restriction. ED1 also includes CEQA exemption and a 6 month streamlined application process. For non-profit developers, this property is located in a QCT (qualified census tract). FLAT LOT.
No SB 8 requirement = build market rate units (lot has been vacant for over 6 years) and ZI 2452 exemption to parking. In addition, this is an ED1 qualifying lot with density bonus = developer can build an unlimited number of units within 21,181 sq. ft. (3:1 FAR) and a 78 feet height restriction. ED1 also includes CEQA exemption and a 6 month streamlined application process. For non-profit developers, this property is located in a QCT (qualified census tract). FLAT LOT.
Vacant lot in an ideal location near Downtown Los Angeles. Please call the City of Los Angeles to get more information on what they will allow you to build on it or call Richard Lopez at the number below to let you know what the City of L.A. mentioned the possibilities are.
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90033 has a population of 3,902,440. Los Angeles 90033 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90033 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90033 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.