For Sale Lot / Land MLS# 26996125

3323 Darwin Avenue

Los Angeles, CA 90031

$2,495,000

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About 3323 Darwin Avenue

RTI- 70-unit affordable housing development opportunity in Lincoln Heights. This 14,000 SF development site offers an exceptionally well-positioned opportunity for a developer to move forward with an approved residential project. Approved plans call for a five-story, Type III-A residential building with 70 one-bedroom affordable housing units, approximately 41,997 SF of building area, approximately 3,704 SF of open space, and no parking required under the approved project. The site is strategically located near transit, employment centers, Downtown Los Angeles, and neighborhood amenities. The existing approved development program is designed to maximize housing production on an urban infill site. In addition to the approved affordable housing plan, an alternative development concept may provide for approximately 22 market-rate units, subject to buyer verification, applicable zoning, approvals, and any required modifications. Buyer to independently verify all plans, approvals, entitlements, development potential, zoning, and permit status with the appropriate governmental agencies.

Property details

Property

Type
land
MLS type
Land/Property
Status
Active
Lot
0.3214
Original price
$2,495,000
MLS #
26996125

Exterior & lot

Features
Parking spaces: 0
Lot
LARD2

Schools

District
Los Angeles Unified School District

Financial

Parcel
5211003026
Special conditions
Standard

Location

Area
677 - Lincoln Hts
County
Los Angeles
Neighborhood
Lincoln Heights
Community
Los Angeles Unified
Directions
NW Corner of Darwin Ave & Thomas St.

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Listed by Pendar Moghaddam, Nest Seekers

Listing information is provided by the participating MLS / IDX program and is deemed reliable but not guaranteed. All information should be independently verified. Equal Housing Opportunity.