$1,200,000

Bldg SqFt, 1440 Lot Size, 8841.6 sqft Zone, R3 TOC, Tier 4 Current Build Assumptions: 11 Units by right (R3) 19.85 Units (w/R3 + TOC Tier 4, 80% bonus) Investors, Developers, & Builders! Hard to find 8,841 sqft lot of R3 property in prime location with a TOC-Tier 4 designation. One block from Soto and 1st Street, currently a vacant 1440 sqft duplex converted into a single unit, previously owner occupied for over 30 years, consisting of two, 730 sqft, 1 bedroom + 1 bath. This lot is right-smack-dab in the middle of the soon to be implemented Boyle Heights Community Plan update. With the current zone assumptions, you can build 11 units by right, and 19.85 utilizing the TOC Tier 4 (80% bonus) designation. The property features a two-car garage, storage/workshop and has an alley way on the south and west sides of the property. Plenty of possibilities. 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.