906 E 23rd Street
Los Angeles, CA 90011
0.14 acres | #24426808
Description
A possible affordable housing development opportunity at 906 E 23rd Street, just south of Downtown Los Angeles. The 6,232 sq. ft. lot currently has an 8648 sq. ft. structure that will be delivered vacant at close of escrow. Located in a dense community with an easy commute to Downtown and close to multiple Metro local lines, Metro A Line (Blue) to Long Beach and Metro E Line (Gold) to Santa Monica. The property is located in the Opportunity Zone which offer incentives for investing in low-income communities. Opportunity Zones programs offer three tax incentives through a qualified Opportunity Fund. Property is also centered in the Enterprise Zone which the Federal, State and City governments provide economic incentives to stimulate local investment and employment through tax and regulation relief and improvement of public services. Located 2 miles from USC and the LA Convention Center, close to the Fashion District Downtown and the Los Angeles Trade Technical College. Maximum Unit Count is 4 (four) Units 2 units plus a 1,200 sq. ft ADU and a 500 sq. ft. JADU. Maximum Build Size is 10,800 sq. ft. for all livable structures. Heigth Limit is 3 Stories (33 ft.) Based upon the Trasit Oriented Community Tier 3 Zone, 3 units are allowed, plus 1200 sq. ft ADU and a 500 sq. ft. JADU with the TOC Bonus, Maximum Unit Count is 5 (five) units including ADUs. Maximum Build Size is 16,200 sq. ft for all livable structures. (Information provided by Flipro.) Contact LA1 for further information.
Property Details
- Acres0.1431
Construction Details
- Property TypePurchase
Utilities / Energy Details
- Sewer InformationOther
Community and Neighborhood Details
- CountyLos Angeles
Financial Details
- Original List Price$1,595,000
Other
- MLS #24426808
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Herbert L McGurk (#CLW-X56218)
Listing Office: Coldwell Banker Realty (#CLW-B2000101)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
