2900 E 1st Street, Los Angeles, CA 90033
- $1,250,000
List Agent Maria Moreno () 562-207-7449 Regional Real Estate; CoList ()
- List Price
- $1,250,000
- Status
- ACTIVE
- MLS#
- DW26179408
- Lot Size
- 6,024
- Lot Location
- Near Public Transit, Rectangular Lot, Street Level
- Days on Market
- 28
- Property Type
- Land
Property Description
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"
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Additional Information
- Taxes
- $9,771
- View
- City Lights, Mountain(s)
- Sewer
- Public Sewer
- Water
- Public
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Based on information from CRISNet MLS as of . All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.