$1,000,000
ATTENTION DEVELOPERS AND INVESTORS. ENTRY FOR REFERENCE PURPOSES. Rare urban infill parking and development opportunity located at 741 S Bonnie Brae Street, Los Angeles, CA (APN: 5142-003-021) in the Westlake / MacArthur Park submarket. The property consists of an approximately 9,150 SF flat, fully fenced lot with approximately 61 feet of street frontage and 150 feet of depth, currently improved with approximately 36 striped parking spaces and alley access. The parcel is zoned R4-1 (City of Los Angeles) and is located within a Transit-Oriented Communities (TOC) Tier 3 and ED1-eligible area, offering compelling long-term residential or mixed-use redevelopment potential, subject to buyer verification and City approvals. The property is part of a two-asset portfolio that includes the adjacent, fully occupied office building at 1833 W 8th Street (MLS #CV26000487, APN: 5142-006-009), which is valued at approximately $3.7 million. The combined portfolio price is $4.7 million. The Bonnie Brae parcel is shown separately at $1,000,000 for valuation and underwriting reference only. Ownership may consider a separate sale of this parcel on a case-by-case basis, at seller’s sole discretion. All information deemed reliable but not guaranteed. Buyers and their representatives are advised to conduct their own independent due diligence regarding zoning, lot dimensions, development feasibility, pricing, and portfolio structure. Property sold AS-IS.
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Listed by Enrique Vasquez-Plaza with Century 21 Masters (800) 463-0977
Property Type
Unimproved Land
Status
Active
MLS Number
CV26002139
Year Built
1960
Lot Size
9,152 sq ft