Vacant lot with significant development potential. Preliminary plans (not yet approved) were initiated by the owner for a 3-story residential building featuring 17 one-bedroom apartments, totaling over 14,000 sq. ft. of living space.
The existing structure has already been demolished, and only minimal grading is required, allowing a buyer to move forward quickly with development.
The property is ideally located in the heart of Boyle Heights, offering excellent access to public transportation and nearby amenities. It is just minutes from USC Medical Center, with close proximity to Downtown Los Angeles and major freeways. Rental demand in the area is strong, making this an attractive investment opportunity.
The buyer may continue with the current design plans or revise them for a larger project. The owner has been informed that a development of 30+ units may be possible, subject to buyer verification and city approval.