We are pleased to present a 10,886 square foot double lot located at 1157-1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard. This offering is positioned on two (2) parcels totaling 10,886 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right. The lots are currently operating as a multifamily property with a total of seven (7) units giving a developer income while going through entitlements. The double lot is large offering developers a great opportunity to utilize ED1 with no maximum density requirement, and AB 2097 with no minimum parking requirement. Per ED1 this property has potential to bypass the maximum height requirements. Limited additional concessions or incentives are granted under the State Density Bonus program. By utilizing ED1 there is potential to up to eighty (80) units. This asset is positioned near many great local amenities including Trinity Recreation Center, 1720, Planet Fitness, The Boil Daddy, and 27th Street Bakery. Situated in a great South-Central Los Angeles Location, this offering presents an excellent opportunity for any developer to capitalize on a large double lot with the potential to build up to eighty (80) units utilizing ED1.
Property Details
Price:
$1,195,000
MLS #:
24440391
Status:
Active
Baths:
0
Address:
1157 E 20th Street 5131008027
Type:
Land
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Sep 16, 2024
State:
CA
ZIP:
90011
Lot Size:
10,886 sqft / 0.25 acres (approx)
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- Address1157 E 20th Street 5131008027 Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90011
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Courtesy of Marcus & Millichap. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
1157 E 20th Street 5131008027
Los Angeles, CA
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