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231 S Avenue 18

Los Angeles (City), CA 90031
  • $1,284,000
  • STATUS: Active
  • ON SITE: 29 Days
  • ID#: AR22079095
UPDATED: 14 min ago
$1,284,000
  • 3
    BEDS
  • 0.23
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 2,066
    SQFT
  • $621
    $/SQFT
Neighborhood:
Type:
Single-Family Home
Built:
1885
County:

School Ratings & Info

School District:
Listing Agent(s): Justin Mccardle of Gig Real Estate Inc. (626-594-4901) and Handoko Chen of ()


Description

Attention developers and Fix and Flip Investors! This development opportunity right-off near Chinatown and Downtown Los Angeles (at the edge of Lincoln Heights). The property is unique due to its strategic location right off Broadway St & Spring St intersection with clear view of DTLA skyline. The property is a stone throw away from Chinatown which made this a suitable redevelopment play with multiple exit strategies. The property is zoned RD1.5-1 Tier 1, on almost a 10,000 SF Lot. The property currently has a single-family residence and is unentitled, providing a savvy developer the opportunity to design a project that fits their own style. The properties location will give the new development exciting unobstructed views of Downtown Los Angeles. A creative developer will be able to work many different scenarios of potential developments, including Small Lot Ordinance Homes, or a For Rent product. Another possibility includes buyer to use the existing structure and build additional units in the back. Please download supplemental attachment!

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-19T14:35:09.02. 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 Randy Horowitz & Associates | Century 21 Peak. Licensed in the State of California, USA.
www.randyhorowitzandassociates.com/homes/127856088
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231 S Avenue 18 Los Angeles (City), CA 90031

  • Price: $1,284,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 14 min ago
  • ID#: AR22079095
3
Beds
2
Baths
0
½ Baths
0.23
Acres
2,066
SQFT
$621
$/SQFT
1885
Built
Neighborhood:
677 - Lincoln Hts
County:
Los Angeles
Area:
677 - Lincoln Hts
School District:
Los Angeles Unified
Property Description
Attention developers and Fix and Flip Investors! This development opportunity right-off near Chinatown and Downtown Los Angeles (at the edge of Lincoln Heights). The property is unique due to its strategic location right off Broadway St & Spring St intersection with clear view of DTLA skyline. The property is a stone throw away from Chinatown which made this a suitable redevelopment play with multiple exit strategies. The property is zoned RD1.5-1 Tier 1, on almost a 10,000 SF Lot. The property currently has a single-family residence and is unentitled, providing a savvy developer the opportunity to design a project that fits their own style. The properties location will give the new development exciting unobstructed views of Downtown Los Angeles. A creative developer will be able to work many different scenarios of potential developments, including Small Lot Ordinance Homes, or a For Rent product. Another possibility includes buyer to use the existing structure and build additional units in the back. Please download supplemental attachment!
Exterior Features

Parking Total 0 Pool Features None Pool Private YN No Property Attached YN No Sign On Property YN Yes View City Lights View YN Yes

Interior Features

Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features None Fireplace YN No Interior Features All Bedrooms Down Main Level Bathrooms 1 Main Level Bedrooms 1

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features Urban Garage YN No Land Lease YN No Laundry Features None Lease Considered YN No Levels One Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To Existing Loan New Construction YN No Property Sub Type Single Family Residence Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Structure Type House Water Source Public Zoning Lard1.5



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-19T14:35:09.02. 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 Randy Horowitz & Associates | Century 21 Peak. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368544403-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368544403-1.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_368544403-1.jpg
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Randy Horowitz & Associates | Century 21 Peak
1241 E. 16th St.
Upland CA, 91784
Listing Agent(s): Justin Mccardle of Gig Real Estate Inc. (626-594-4901) and Handoko Chen of ()