Property listed by Compass, Joy Bolger 626-205-4040
$750,000
Rare Development Opportunity in Lincoln Heights. This single-family home with an additional structure sits on an expansive, flat lot zoned RD3-1 with TOC Tier 3 status opening the door to endless possibilities. Keep the original Craftsman charm with its roomy layout, soaring ceilings, and abundant natural light, or take… Read More advantage of the easy-to-build lot and create a profitable multi-unit project.Located in a state-designated housing and enterprise zone, this property qualifies for density bonuses, reduced parking requirements, faster approvals, and major developer incentives. Key Highlights: Expansive, flat lot with RD3 zoning multi-unit potential. TOC Tier 3, build more units with fewer parking requirements. Enterprise & Housing Element site added incentives and faster approvals. Craftsman character with tons of natural light. Steps from Zizou, Moo's Craft Barbecue, Mazel, and Terra Mia. Minutes to Chinatown, Highland Park, and DTLA. Strong renter and buyer demand in a thriving neighborhood. Whether you're looking to develop, invest, or design your dream home, this property is a rare chance to grab a prime piece of Lincoln Heights with character, location, and high ROI potential. Read Less
Listing Snapshot
Days Online
3
Last Updated
Property Type
Single Family Residence
Beds
3
Full Baths
2
Square Ft.
1,768
Lot Size
0.14 Acres
Year Built
1905
MLS Number
25579117
30 Days Snapshot Of 90031
$1.56M
+41%
(avg) sold price
4
-50%
homes sold
50
-36%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1905, Building area total: 1,768, Levels: One, Living area: 1768, 1 story, Architectural style: Craftsman, Common walls: NoCommonWalls
Fireplaces
Decorative
Lot
0.1436 acres, 6,254 square feet, Size: 6,254
Parking
2 totals parking, Driveway
Pool
None
Property
Zoning: LARD3, None
Spa
None
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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