Los Angeles, CA 90011,906 E 23rd ST
Los Angeles, CA 90011,906 E 23rd ST
Los Angeles, CA 90011,906 E 23rd ST
Los Angeles, CA 90011,906 E 23rd ST
Los Angeles, CA 90011,906 E 23rd ST
Los Angeles, CA 90011,906 E 23rd ST
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$ 1,195,000
Est. payment | /mo

6,233 Sqft Lot


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$ 1,195,000
Est. payment | /mo
Save

6,233 Sqft Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24426808

HOA Y/N No

Lot Size 6,233 Sqft

Property Description

25% Price Reduction! A possible affordable housing development opportunity at 906 E 23rd Street, just south of Downtown Los Angeles. The 6,232 sq. ft. lot currently has an 8648 sq. ft. structure that will be delivered vacant at close of escrow. Located in a dense community with an easy commute to Downtown and close to multiple Metro local lines, Metro A Line (Blue) to Long Beach and Metro E Line (Gold) to Santa Monica. The property is located in the Opportunity Zone which offer incentives for investing in low-income communities. Opportunity Zones programs offer three tax incentives through a qualified Opportunity Fund. Property is also centered in the Enterprise Zone which the Federal, State and City governments provide economic incentives to stimulate local investment and employment through tax and regulation relief and improvement of public services. Located 2 miles from USC and the LA Convention Center, close to the Fashion District Downtown and the Los Angeles Trade Technical College. Maximum Unit Count is 4 (four) Units 2 units plus a 1,200 sq. ft ADU and a 500 sq. ft. JADU. Maximum Build Size is 10,800 sq. ft. for all livable structures. Heigth Limit is 3 Stories (33 ft.) Property down the street is building a three story duplex and 2 two story ADUs. a total of three buildings. Maximum Build Size is 16,200 sq. ft for all livable structures. (Information provided by Flipro.) Contact LA1 for further information.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning [Q]LAR4

Interior

Fireplace No

Exterior

View Y/N Yes

Building

Sewer Other

New Construction No

Others

Senior Community No

Tax ID 5131019001

Financing Cash

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Herbert L McGurk • Coldwell Banker Realty
agent-avatar

+1(818) 445-0557

abmorales1@gmail.com

21021 Ventura Blvd., # 103, Hills, CA, 91364, United States

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906 E 23rd ST