Incredible development opportunity just 500 feet from the Metro station! This offering includes two contiguous commercial-zoned parcels totaling approximately 21,400 SF. One parcel features a 3-unit building; the other includes five (5) detached 2-bedroom bungalows. Combined gross annual income is approximately $75,000 with one unit currently vacant, providing immediate upside potential.Preliminary drawings are available for a proposed 120-unit residential development targeting moderate- to low-income housing. Ideal for developers seeking a transit-oriented site with income in place during planning and entitlement.Do not disturb tenants. Contact listing agent for additional information and to access preliminary plans.
Property Details
Price:
$3,450,000
MLS #:
25521943
Status:
Active
Baths:
0
Address:
2323 E 3rd Street 5183010006
Type:
Land
Neighborhood:
boyhboyleheights
City:
Los Angeles
Listed Date:
Apr 1, 2025
State:
CA
ZIP:
90033
Lot Size:
21,400 sqft / 0.49 acres (approx)
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- Address2323 E 3rd Street 5183010006 Los Angeles CA
- AreaBOYH – Boyle Heights
- CityLos Angeles
- CountyLos Angeles
- Zip Code90033
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Courtesy of Exclusive Realty Inc. 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 2025. California Regional Multiple Listing Service. All rights reserved.2323 E 3rd Street 5183010006
Los Angeles, CA
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