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1822 Johnston St - THE BRINE - Air Rights OR MASTER PARCEL SALE
0.65 - 2.17 Acre Commercial Land Lots Offered at £2,682,600 Per Lot in Los Angeles, CA 90031
Investment Highlights
- New mixed-use project set to complete later in 2024 with variety of opportunities to be a part of this exciting new project!
- PROPERTY TYPE 2 - Air Rights Sale OR Lease: Ground floor commercial space ideal for gym/grocery/retail with 97 unit apartment complex above
- PROPERTY TYPE 1 - Land Lease: Vacant land includes city approved plans for 5 story parking structure + medical office
- PROPERTY TYPE 3 (Master Parcel Sale)- Full acquisition of the entire master parcel including all of OPTION 1 & 2. MF units from mixed-use not included
Executive Summary
Data Room Click Here to Access
Property Facts
| Price | £2,682,600 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 3 | Total Lot Size | 3.67 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Price | £2,682,600 |
| Sale Type | Investment |
| No. Lots | 3 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 3.67 AC |
| Opportunity Zone |
Yes |
3 Lots Available
Lot 1
| Lot Size | 0.85 AC |
| Lot Size | 0.85 AC |
PROPERTY TYPE 1 - Land Lease: Vacant land includes city approved plans for 5 story parking structure + medical office. Contact agent for more details
Lot 2
| Price | £2,682,600 | Lot Size | 0.65 AC |
| Price Per AC | £4,111,541 |
| Price | £2,682,600 |
| Price Per AC | £4,111,541 |
| Lot Size | 0.65 AC |
PROPERTY TYPE 2 - Air Rights Sale OR Lease: Ground floor commercial space ideal for gym/grocery/retail with 97 unit apartment complex above. Contact agent for more details
Lot 3
| Lot Size | 2.17 AC |
| Lot Size | 2.17 AC |
PROPERTY TYPE 3 (Master Parcel Sale)- Full acquisition of the entire master parcel INCLUDING all of Property Types 1 & 2 as well as all other lots. Multifamily units from mixed-use not included in the sale. Contact agent for more details.
Description
Exceptional opportunity to control prime commercial real estate in Lincoln Heights. Property is part of a larger development that includes a newly built 97 unit affordable housing apartment complex (expected Certificate of Occupancy by Q3 2024 - see Offering Memorandum for more details) providing exceptional daily traffic along with strong neighborhood demographics. Ideally situated for an owner-user as grocery tenant, medical office practice (including out-patient surgery), and/or gym, as well as multiple other uses, this vacant land can be built-to-suit. Property is conveniently located near mass transit, Keck Hospital of USC, and major freeways. The Property, which consists of two separate areas within a Master Parcel, is marketed as one project, but they can be negotiated separately (see Offering Memorandum for more details).
zoning
| Zoning Code | M1-VL |
| M1-VL |
-
Hiiro Tomita - JCI Real Estate
Presented by
JCI Real Estate
1822 Johnston St - THE BRINE - Air Rights OR MASTER PARCEL SALE
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