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$ 950,000
Est. payment | /mo
2 Beds
1 Bath
817 SqFt
$ 950,000
Est. payment | /mo
2 Beds
1 Bath
817 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 817 sqft
Price per Sqft $1,162
MLS Listing ID CL26830009
Bedrooms 2
Full Baths 1
HOA Y/N No
Year Built 1947
Lot Size 4,800 Sqft
Acres 0.1102
Property Sub-Type Single Family Residence
Property Description
Located in a premier Opportunity Zone in the heart of West Adams, this LARD1.5-zoned parcel offers a rare, SB 8-exempt, and non-rent-controlled development opportunity with a streamlined path to market-rate construction. This is only for Lot 2, as seen in photos, provides an opportunity to build a "by-right" triplex, plus the addition of an ADU yields a fourplex in one of the nation's fastest-growing sub-markets. Capitalize on the immense demand from expanding nearby offices for Apple, Amazon Studios, and HBO. Future residents will enjoy easy access to Whole Foods, Mizlala, the newly opened Maydan Market, and all the trendy destinations along Adams Blvd. The site is uniquely positioned as a standalone project or as part of a strategic five-lot assembly totaling a half-acre with plans for 16 small-lot homes. Unlike many central LA developments, this project requires no low-income set-asides or replacement units, allowing for 100% market-rate rental or sales potential. This is an ideal acquisition for developers seeking a high-margin exit or a stable, long-term hold in Los Angeles' most dynamic growth hub.
Location
State CA
County Los Angeles
Zoning LARD1.5
Interior
Heating None
Cooling None
Flooring Tile
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
View Y/N false
View None
Private Pool false
Building
Story 1
Architectural Style Traditional
Level or Stories One Story
New Construction No
Others
Tax ID 5043016003

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Listed by Ari Wintraub • Sotheby's International Realty
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Patrick Nagel
REALTOR® | Lic# 1760790






