2323 E 3rd Street
Los Angeles, CA 90033
0.49 acres | #25521943
Description
Incredible development opportunity just 500 feet from the Metro station! This offering includes two contiguous commercial-zoned parcels totaling approximately 21,400 SF. One parcel features a 3-unit building; the other includes five (5) detached 2-bedroom bungalows. Combined gross annual income is approximately $75,000 with one unit currently vacant, providing immediate upside potential.Preliminary drawings are available for a proposed 120-unit residential development targeting moderate- to low-income housing. Ideal for developers seeking a transit-oriented site with income in place during planning and entitlement.Do not disturb tenants. Contact listing agent for additional information and to access preliminary plans.
Property Details
- CountyLos Angeles
- Original List Price$3,450,000
- Property TypePurchase
- MLS #25521943
- MLS #25521943
- Cost3450000
- Acres0.4913
- Property SubtypeLand
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Camiar Rabban (#CLW-C129879)
Listing Office: Exclusive Realty Inc (#CLW-X83407)
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