2908 E 1ST ST

Estimated Monthly Payment: $10,488/mo 2908 E 1ST ST, Los Angeles, CA 90033 MLS# 20-561380 Land Listing Status: Active Under Contract
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REMARKS:

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.

OVERVIEW:

Land
Active Under Contract

FEATURES:

Other

FINANCIAL:

$2,300,000

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of Derrick Vartanian - Keller Williams Silicon Beach

 

01949460 

 

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Data last updated: 04/07/2020