MAJOR PRICE REDUCTION ALERT!
Bldg SqFt, 2234 – 1418 (front) + 816 (back)
Lot size, 6751.6
TOC, Tier 4
Current Build Assumptions:
4.5 Units by right (RD1.5)
8.10 Units (w/TOC Tier 4, 80% bonus)
Investors, Developers, & Builders! This property is earmarked for high density use with the new proposed Boyle Heights Community Plan Update that was recently approved in April 2023. So many opportunities with current zoning. Keep front house, tear down back house and build 2-3 additional units. Tear down both structures and build up to 8 units with TOC density bonus (tier 4 – 80%). Current buildings include a vacant, Craftsman style front house in front (needs complete rehab) with 3 bedrooms and 1 bath, back house is a 1 bedroom and 1 bath currently occupied with cooperative tenant. PRIME AREA OF BOYLE HEIGHTS, Central Location – minutes away from Downtown LA, the new 6th LA Bridge, Cal State LA,
Schools, Restaurants, Parks, near all major freeways and LAC-USC Hospital. Excellent Opportunity for either Owner User, Development
opportunity, either add ADU’s or potential build from the ground up.