10
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$1,750,000
Est. payment /mo
10,140 Sqft Lot
Active
3416 E 1st St Los Angeles, CA 90063
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25514457
Lot Size 10,140 Sqft
Acres 0.2328
Property Description
We are pleased to offer 3416 E 1st Street, a fully entitled 10,137 square foot (0.23-acre) parcel located in the dynamic Boyle Heights neighborhood of Los Angeles, CA. Situated between Lorena and Velasco Streets along E 1st St, this property features 70.82 feet of prime street frontage. This site comes with approved plans for a 50-unit affordable housing development, which includes a mix of 10 studios, 35 one-bedroom apartments, and 5 two-bedroom units. With its proximity to major transit options, no parking is required for the project, making it a convenient and sustainable addition to the area. Property sits in a commercial zone and will also allow for a wide variety of commercial and retail development options, including medical clinics or urgent care. The property is zoned C2-1CUGU and is located within a TOC Tier 3 zone, offering significant development potential. Additionally, the site is included in the Adelante Eastside Redevelopment Plan and is situated within the City of Los Angeles Transit Priority Area, Clean Up Green Up (CUGU), State Enterprise Zone, and MTA Right-of-Way (ROW) Project Area. The commercial zoning, combined with it's location on a high-traffic retail corridor, also make this property a prime candidate for development of an urgent care or other medical uses, or retail uses allowing a 1.5 FAR or a +/- 15,000 square foot commercial building. Just 10 minutes from Downtown LA, this property benefits from excellent walkability, with a Walk Score of 87. It's within minutes of schools, restaurants, and shopping, and offers quick access to major freeways like the 60, 5, 101, 710, and 10. Plus, it's a short walk to the Metro Gold Line Indiana Station, offering seamless connectivity to the rest of the city.
Location
State CA
County Los Angeles
Area Boyle Heights
Zoning C2-1CUGU
Exterior
View Y/N No
View None
Building
Lot Description Corners Established, Curbs, Street Paved, Street Lighting, Tear Down On Lot, Value In Land
Others
Special Listing Condition Standard
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Listed by Maher Commercial Realty