CA > Los Angeles
Los Angeles, CA 90011,1157 - 1201 E 20th ST
Los Angeles, CA 90011,1157 - 1201 E 20th ST
Los Angeles, CA 90011,1157 - 1201 E 20th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,195,000
Est. payment /mo
10,885 Sqft Lot
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UPDATED:

10/14/2024 10:30 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24440391

HOA Y/N No

Lot Size 10,885 Sqft

Property Description

We are pleased to present a 10,886 square foot double lot located at 1157-1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard. This offering is positioned on two (2) parcels totaling 10,886 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right. The lots are currently operating as a multifamily property with a total of seven (7) units giving a developer income while going through entitlements. The double lot is large offering developers a great opportunity to utilize ED1 with no maximum density requirement, and AB 2097 with no minimum parking requirement. Per ED1 this property has potential to bypass the maximum height requirements. Limited additional concessions or incentives are granted under the State Density Bonus program. By utilizing ED1 there is potential to up to eighty (80) units. This asset is positioned near many great local amenities including Trinity Recreation Center, 1720, Planet Fitness, The Boil Daddy, and 27th Street Bakery. Situated in a great South-Central Los Angeles Location, this offering presents an excellent opportunity for any developer to capitalize on a large double lot with the potential to build up to eighty (80) units utilizing ED1.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N Yes

View City Lights

Building

Lot Description Value In Land

Sewer Other

New Construction No

Others

Senior Community No

Tax ID 5131008027

Special Listing Condition Standard

Read Less Info
California Regional MLS (CRMLS)
Listed by Jason Tuvia • Marcus & Millichap

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