330 N Bixel Street, Los Angeles CA, 90026
(Active)
$1,200,000
|
|
MLS# 24361261
Last Updated: 5/3/2024 11:22 AM
Description for
330 N Bixel Street
Los Angeles, CA 90026
We are pleased to present a 100% vacant land development opportunity located just South of Echo Park! Totaling +/-7,457sf of LACW zoned land with base R4 density and Tier 2 TOC, there's potential for a developer to execute on either a market rate or affordable housing development. As a market rate development utilizing the R4 base density and applying Tier 2 TOC bonuses, there's potential for a 31-unit market rate development. As a 100% affordable ED1 development, there's potential for a 30-35 unit development with no parking requirements with an affordable stick on grade type construction.With its close proximity to Echo Park, Dodger Stadium, Chinatown, and Downtown Los Angeles, the property is well positioned for a developer seeking a well-located property with high rental demands. Ownership has completed a Geophysical Survey Report and massing study for a market rate development, both of which can be made available upon request. Please note, there is a +/-5-6' access easement that runs along the Southern portion of the property. Buyer shall complete their own due diligence to determine the development potential. For more information please contact the listing broker.
Price
$1,200,000
Los Angeles
24361261
Active
Description
We are pleased to present a 100% vacant land development opportunity located just South of Echo Park! Totaling +/-7,457sf of LACW zoned land with base R4 density and Tier 2 TOC, there's potential for a developer to execute on either a market rate or affordable housing development. As a market rate development utilizing the R4 base density and applying Tier 2 TOC bonuses, there's potential for a 31-unit market rate development. As a 100% affordable ED1 development, there's potential for a 30-35 unit development with no parking requirements with an affordable stick on grade type construction.With its close proximity to Echo Park, Dodger Stadium, Chinatown, and Downtown Los Angeles, the property is well positioned for a developer seeking a well-located property with high rental demands. Ownership has completed a Geophysical Survey Report and massing study for a market rate development, both of which can be made available upon request. Please note, there is a +/-5-6' access easement that runs along the Southern portion of the property. Buyer shall complete their own due diligence to determine the development potential. For more information please contact the listing broker.
Listing Information
| Property Type: Land, Other | ||
| 0.17 Acres | ||
Neighborhood
Room Information
Exterior / Lot Features
0 Covered Parking Spaces,
City
LACW
Driving Directions
Google Maps: 330 N Bixel St. Los Angeles, CA 90026
Financial Considerations
| 5160021016 |
Listing Price History
Los Angeles Real Estate
Los Angeles is located in California. Los Angeles, California 90026 has a population of 3,956,168.
The median household income in Los Angeles, California 90026 is $69,839. The median household income for the surrounding county is $73,262 compared to the national median of $66,222. The median age of people living in Los Angeles 90026 is 38 years.
Data provided below are primarily sourced from Public Records data.
Nearby Recent Sales (Sourced from Public Records)
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Price History
| Date | Event | Price | Source |
|---|---|---|---|
| 2/22/2024 | Active | $1,200,000 USD |
|
Tax History (Sourced from Public Records)
| year | Property Taxes | Change | Tax Assessment | Change |
|---|---|---|---|---|
| 2023 | $11,088 USD | 4.88% | $910,262 USD | 2.00% |
| 2022 | $10,572 USD | 1.17% | $892,414 USD | 2.00% |
| 2021 | $10,450 USD | -1.04% | $874,916 USD | - |
| 2020 | $10,560 USD | 0.66% | $874,916 USD | 1.04% |
| 2019 | $10,491 USD | 0.98% | $865,945 USD | 2.00% |