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    2908 E 1ST Street

    Los Angeles (City), CA 90033
    • $2,300,000
    • STATUS: Active Under Contract
    • ON SITE: 91 days
    • ID#: 20561380
    Under Contract
    UPDATED: 54 min ago
    $2,300,000
    • 0
      BEDS
    • 0.33
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    We are pleased to present this Development opportunity in Boyle Heights. The 14,454 SF Lot consists of 3 parcels and is currently being used as a restaurant. A developer can build 27 units by right or 50 units using a Density Bonus(Buyer to Verify). The 3 APNs are zoned C2-1-(CUGU) and R2-1-(CUGU) with the restaurant having approx 90 feet of frontage along E 1st St. The Opportunity is located in a Tier 3 Transit Oriented Community (TOC) as well as being situated in "Clean Up Green Up" zoning location. The property could be developed for Retail, Multifamily, Mixed Use, Parking, etc. The site currently has access to the following utilities: Water, Gas, Electricity. The building operates as the El Rinconcito del Mar restaurant, was built in 2002, consists of 4,824 SF, and has a liquor license in place. The front portion of the lot is zoned C2 and is approx 10,400 SF. The back portion of the lot is zoned R2 and is approx 4,049 SF. Can be delivered vacant at COE or with a sale-leaseback.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-06T10:25:02.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

    www.bestlahomefinder.com/homes/103917568

    2908 E 1ST Street Los Angeles (City), CA 90033

    • Price: $2,300,000
    • Status: Active Under Contract
    • Updated: 54 min ago
    • ID#: 20561380
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.33
    Acres
    Neighborhood:
    BOYH - Boyle Heights
    County:
    Los Angeles
    Area:
    BOYH - Boyle Heights
    Property Description
    We are pleased to present this Development opportunity in Boyle Heights. The 14,454 SF Lot consists of 3 parcels and is currently being used as a restaurant. A developer can build 27 units by right or 50 units using a Density Bonus(Buyer to Verify). The 3 APNs are zoned C2-1-(CUGU) and R2-1-(CUGU) with the restaurant having approx 90 feet of frontage along E 1st St. The Opportunity is located in a Tier 3 Transit Oriented Community (TOC) as well as being situated in "Clean Up Green Up" zoning location. The property could be developed for Retail, Multifamily, Mixed Use, Parking, etc. The site currently has access to the following utilities: Water, Gas, Electricity. The building operates as the El Rinconcito del Mar restaurant, was built in 2002, consists of 4,824 SF, and has a liquor license in place. The front portion of the lot is zoned C2 and is approx 10,400 SF. The back portion of the lot is zoned R2 and is approx 4,049 SF. Can be delivered vacant at COE or with a sale-leaseback.
    Exterior Features

    Lot Size Source Other Lot Size Units Square Feet

    Property Features

    Special Listing Conditions Standard Zoning Lac2

    Listing provided courtesy of Derrick Vartanian of Keller Williams Silicon Beach and Jonathan Prakash of Keller Williams Silicon Beach


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-06T10:25:02.687. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Masters. Licensed in the State of California, USA.

     
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