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114-120 E Adams Blvd

0.33 Acres of Residential Land Offered at £1,538,550 in Los Angeles, CA 90011

Investment Highlights

  • Eligible for ED-1 with potential for up to 91 units
  • Zoned R4 and eligible for AB 2097 - exempt from parking requirements
  • Opportunity Zone - provides significant tax incentives
  • Priced at $21,400 per unit and $134 per land SF
  • Adjacent corner building (2600 S Main St) also available for sale
  • Only 3 blocks away from one of USC's largest off-campus student housing development—the Lorenzo Apartments

Executive Summary

Unentitled land with potential for up to 91 units using ED-1. Priced at $133 per land SF, and $21,428 per unit. Two R4-zoned lots, located only 3 blocks from the Lorenzo Apartments—one of USC's largest off-campus student housing communities. The site is located within an Opportunity Zone. One parcel contains a single-story 4-unit residential apartment building with Month-To-Month tenants, and the other parcel is currently used as a parking lot.

Attachments

Feasibility Summary 116-120 E Adams

Property Facts

Price £1,538,550 Property Type Land
Sale Type Investment Property Subtype Residential
Sale Conditions Development Sale Total Lot Size 0.33 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price £1,538,550
Sale Type Investment
Sale Conditions Development Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.33 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price £1,538,550 Lot Size 0.33 AC
Price Per AC £4,596,020
Price £1,538,550
Price Per AC £4,596,020
Lot Size 0.33 AC

Description

Unentitled land with potential for up to 91 units using ED-1. Priced at $133 per land SF, and $21,428 per unit. Two R4-zoned lots, located only 3 blocks from the Lorenzo Apartments—one of USC's largest off-campus student housing communities. The site is located within an Opportunity Zone. One parcel contains a single-story 4-unit residential apartment building with Month-To-Month tenants, and the other parcel is currently used as a parking lot. See attached feasibility study for more information.

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Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (87)
Bike Score ®
Very Bikeable (85)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5128-001-036
  • 5128-001-005
 Improvements Assessment £83,836
Land Assessment £1,006,037 Total Assessment £1,089,872

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5128-001-036
  • 5128-001-005
Land Assessment
£1,006,037
Improvements Assessment
£83,836
Total Assessment
£1,089,872

zoning

Zoning Code R4 (The property consists of two contiguous parcels zoned R4.)
R4 (The property consists of two contiguous parcels zoned R4.)
(310) 422-3891

  • Listing ID: 32939676

  • Date on Market: 23/08/2024

  • Last Updated:

  • Address: 114-120 E Adams Blvd, Los Angeles, CA 90011

The Land Property at 114-120 E Adams Blvd, Los Angeles, CA 90011 is currently available For Sale. Contact Saxum West for more information.

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114-120 E Adams Blvd
(310) 422-3891 x

114-120 E Adams Blvd

Joe Bolognese

(310) 422-3891

(310) 422-3891

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