We are pleased to present Skyline View Estates Portfolio, a 1,439,454 SF development opportunity located in Los Angeles, CA. The bulk of the property is hillside located off of Lincoln Park Ave to the West, N Broadway to the South, and Paradise Dr along the top of the hill on the Eastern edge. The portfolio includes 15 APNs, with additional lots along Sierra St, Lincoln Park Ave, and Paradise Dr. The portfolio is part of a Bankruptcy Sale and is subject to court confirmation. Property is sold as is. The property includes multiple zoning, the main lot is zoned [Q]A1-1D, with additional lots zoned [Q]R1-1D and [Q]RE20-1D. The property has proposed plans for 70 residential units. Access to the property is currently through narrow two lane partially improved streets, which are proposed to be improved. The proposed units will have panoramic views of the Los Angeles downtown and surrounding environments. Proposed improvements also include sidewalk and interior streets, small park and perimeter gate and entry secured community. The subject site is not entitled and has no approved plans for residential subdivision development. Plans have been submitted and the approval process is on-going with the city of Los Angeles. The subject property is located minutes away from Downtown Los Angeles, Chinatown, Dodger Stadium, and Pasadena. The property is also nearby Cal State Los Angeles, and East Los Angeles College. The property boasts beautiful views of Downtown Los Angeles, the Hollywood Sign, and on clear days even the Pacific Ocean. The property has easy access to the 5-Freeway, to the West, the 10 Freeway to the East, the 710 Freeway to the South, and the 110 Freeway to the North.
Listed by The CREM Group, Mark Cianciulli,
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Data last updated 4:26 PM UTC, 1/29/23