Listed by Reyes Mejia, Realty Group Advisors,

2228 E 1st Street

Los Angeles, CA, 90033

$5,625,000

$5,625,000
Active
Active
 - For Sale
property_type
Land
Realty Group Advisors proudly presents a new TOC development opportunity in the City of Boyle Heights. Boasting 33,724 square feet of land, this site at 1st and Breed has the potential to become the next largest mixed-use residential project in the area. This property is located at the epicenter of the community, as it is surrounded by the train station, new police station, hospital, public library, and is minutes from Downtown Los Angeles. This development site would be the ideal location and project to meet the City of Los Angeles’ need for housing and to take advantage of the programs and incentives for low-income development that the City has to offer. By right, the site allows for a total building area of 65,568 square feet with the potential to build 65 to 83 units. With the new 6th Street bridge currently under construction, this site is located at the foot of the new gateway to expansion of business, residents, and growth in Boyle Heights. APN included are APN#5183-009-012, 5183-009-007, 5183-009-014
MLS® ID:
DW21123185
Listed:
6/6/21
Updated:
8/8/22

Exterior/Building Features

Lot Size
0.77 acres lot
Lot Details
0-1 Unit/Acre

Other Property Details

Area Name
BOYH - Boyle Heights
HOA Amenities
Storm Drain(s)
Garage
No
Parking
N
View
Y
County
Los Angeles
Utilities
Electricity Connected, Natural Gas Connected
Water Source
Public
Pool
No
Zoning
LAC2

Property History

Date
Event
Price
Value
7/28/22
Active
-
-
6/3/22
Pending
-
-
5/28/22
Sold
-
-
3/4/22
Pending
-
-
3/4/22
Price Change
$5,625,000
-9%
9/15/21
Price Change
$6,250,000
-5%

 

Listed by Reyes Mejia, Realty Group Advisors,

Based on information from California Regional Multiple Listing Service, Inc. as of 8/8/22. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 12:21 AM UTC, 8/8/22

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