Description
This 6,888 SF Lot is located right in the heart of the highly sought-after East Los Angeles Submarket. The lot is fully vacant with no relocation of tenants necessary allowing for an immediate build upon acquisition. Furthermore, the lot sits in a central location in the middle of a vastly appreciating market. Located just a few miles away from Downtown Los Angeles, Banc of California Stadium, and Exposition Park, this offering provides a pathway to instant increase in value. Downtown currently provides 500,000 jobs and with the aforementioned new development and countless other projects breaking ground, this investment presents a great opportunity for any investor. Moreover, any future property built on this site will carry with it New Construction. This is extremely valuable as the property will not be subject to Statewide Rent Control (A.B. 1482) and, in effect, will not be subjected to any limitations whatsoever when it comes to Rent Adjustments. Another benefit with respect to the property’s location is it’s Easy Access to all of Los Angeles. It is located near the East LA Interchange - a junction of the 5, 10, 101, and 60 freeways and one of the most traveled freeway intersections in California. Proximity to these freeways offers access to nearly any part of the City and the respective job markets throughout with relative ease. In addition, the Lot features an Excellent Walk Score of 80 (Very Walkable) meaning the majority of the various restaurants, cafes, shopping, and services throughout the Submarket are accessible on foot. All said, this property is a developer’s dream and represents a rare opportunity to build on one of the least obstructed lots in the entire area.
Location
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Listing Agent: Evelyn Baez Gonzalez Courtesy of: Lyon Stahl Investment Real Estate, Inc. The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 19th August, 2022 10:39 AM (UTC)
