1529 E 1st, Los Angeles, CA 90033

$700,000

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List Agent Ibrahim Habib () 818-731-6198 Pinnacle Estate Properties; CoList ()

List Price
$700,000
Status
ACTIVE
MLS#
SR26184013
Year Built
1992
Lot Size
5,992
Lot Location
6-10 Units/Acre
Days on Market
20
Property Type
Commercial
Property Sub Type
Mixed Use

Property Description

Major fixer-upper with redevelopment potential in Boyle Heights! Located at 1529 E. 1st St, this approximately 5,992 sq. ft. property offers an opportunity for investors and developers near Downtown Los Angeles and the 5, 10, and 101 freeways. The existing structure has no roof, requires substantial rehabilitation, and must be brought into compliance with applicable building codes. The property is subject to City of Los Angeles abatement requirements.Reportedly zoned LAM1 and located within an Opportunity Zone, the property offers potential for rehabilitation or redevelopment, subject to agency approvals. Utilities are reported to be available; their condition and connection status require verification. Buyer to independently investigate all abatement notices, outstanding violations, required corrective work, permits, associated costs, zoning, permitted uses, development potential, lot dimensions, utilities, and Opportunity Zone designation with the appropriate agencies.

Additional Information

Heat
None
Cooling Description
None
Roof
None
Water
Public

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Calculator source: Real Geeks

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.