1157 E 20th Street 5131008027
Los Angeles, CA, 90011
$1,170,000
Beds
0 Baths
SqFt
0.25 Acres
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We are pleased to present a 10,886 square foot double lot located at 1157-1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard. This offering is positioned on two (2) parcels totaling 10,886 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right. The lots are currently operating as a multifamily property with a total of seven (7) units giving a developer income while going through entitlements. The double lot is large offering developers a great opportunity to utilize ED1 with no maximum density requirement, and AB 2097 with no minimum parking requirement. Per ED1 this property has potential to bypass the maximum height requirements. Limited additional concessions or incentives are granted under the State Density Bonus program. By utilizing ED1 there is potential to up to eighty (80) units. This asset is positioned near many great local amenities including Trinity Recreation Center, 1720, Planet Fitness, The Boil Daddy, and 27th Street Bakery. Situated in a great South-Central Los Angeles Location, this offering presents an excellent opportunity for any developer to capitalize on a large double lot with the potential to build up to eighty (80) units utilizing ED1.
LISTING AGENT: Jason Tuvia
LISTING BROKERAGE: Marcus & Millichap
1157 E 20th Street 5131008027
Los Angeles, CA

Property Details

Price:
$1,170,000
MLS #:
24440391
Status:
Active
Baths:
0
Address:
1157 E 20th Street 5131008027
Type:
Land
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Sep 16, 2024
State:
CA
ZIP:
90011
Lot Size:
10,886 sqft / 0.25 acres (approx)
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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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