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Listing Details

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School Ratings & Info

Description

Buildable C-2 Zoned Lot with incredible development potential. The lot is 50' x 187' and totals 9,381 sq. ft. Per city, it can accommodate 23 units by right, 39 units for affordable rentals. It is being offered with 1136 S. Alvarado St., a 24 Unit Contiguous Apartment building. Currently, there are spaces rented to tenants with separate "parking" rental agreements from the tenants in the Ponce De Leon Apartments- the contiguous building south. Buyer to cooperate with seller's 1031 exchange. (All information is deemed reliable but not guaranteed, and interested parties should conduct due diligence to verify data.)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T18:34:29.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
www.robynicenhowerproperties.com/homes/119298790
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1132 S Alvarado Street Los Angeles (City), CA 90006

  • Price: $1,400,000
  • Status: Active
  • Updated: 54 min ago
  • ID#: 21760298
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Beds
0
Baths
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½ Baths
0.21
Acres
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Buildable C-2 Zoned Lot with incredible development potential. The lot is 50' x 187' and totals 9,381 sq. ft. Per city, it can accommodate 23 units by right, 39 units for affordable rentals. It is being offered with 1136 S. Alvarado St., a 24 Unit Contiguous Apartment building. Currently, there are spaces rented to tenants with separate "parking" rental agreements from the tenants in the Ponce De Leon Apartments- the contiguous building south. Buyer to cooperate with seller's 1031 exchange. (All information is deemed reliable but not guaranteed, and interested parties should conduct due diligence to verify data.)
Exterior Features

Lot Features Rectangular LotValue In Land View None View YN No

Property Features

Additional Parcels YN No Buyer Financing Cash Exclusions Personal Property in Garages Inclusions Garages Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Cash Possession Negotiable Senior Community YN No Sewer Other Special Listing Conditions Standard Zoning Lac2

Listing provided courtesy of Deric Rangell of Exp Realty Of California Inc


Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-17T18:34:29.337. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.
 
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Robyn Graham & Associates | Keller Williams
400 E. Main St. #110
Visalia CA, 93291