$1,250,000
Rare shovel-ready multifamily development opportunity in East Los Angeles! Vacant site with RTI-approved plans for a 25-unit, 4-story multifamily project with roof terrace. Approved plans include 19 / 1-bed 1-bath units and 6 studios, including 3 designated low-income affordable studios and 22 market-rate units. Significant entitlement and pre-development work completed, offering developers and investors a substantial head start toward construction. Prime location near Boyle Heights, Downtown LA, Lincoln Heights, Little Tokyo, Arts District, USC/Keck Medical Center, Los Angeles General Medical Center, schools, shopping, restaurants, transit and major freeways. Current area rental indicators are approximately $2,100– $2,350 for 1-bedrooms and $1,650–$1,850 for studios. RTI plans and development documents available to qualified buyers. **LAND-ONLY PURCHASE OPTION **without approved plans for buyers wishing to pursue their own development concept. "SEE ATTACHED PDF FOR FULL DESCRIPTION"
Listed by Maria Moreno with Regional Real Estate (626) 672-0534
Property Type
Land
Status
Active
MLS Number
DW26179408
Year Built
N/A
Lot Size
6,024 sq ft
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