$1,595,000
Prime Development Opportunity: Commercial Building and Approved Plans to build 3 homes. Rare value-add and development opportunity in a prime location. The property currently features a functional commercial structure with a massive on-site parking lot. Architectural plans are fully complete and ready to pull permits for an exceptional multi-family compound: transform the existing structure into a chic residential homes, and construct two brand-new detached single-family houses on the rear lot. Whether you are a builder looking for a shovel-ready project or an investor seeking a high-yield asset with immense upside, this property offers a turnkey path to multi-unit residential ownership in a thriving submarket.
Listed by Lala Petrosian with Trust and Estate Realty
MLS Property Type
Commercial Sale
Status
Active
MLS Number
26994999
Year Built
1922
Building Size
2,118 sq ft
Lot Size
10,231 sq ft
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3700 E Cesar E Chavez Ave, Los Angeles
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