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    823 Cleveland St

    Los Angeles, CA 90012
    • $2,350,000
    • STATUS: Active
    • ON SITE: 157 days
    • MLS #: 20-660336
    UPDATED: 54 min ago
    $2,350,000
    • 0
      BEDS
    • 0.22
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:
    Area:

    School Ratings & Info

    Description

    On offer is a fully Ellisd 9,400 SF of R4-1 Tier 3 land. The high-density Zoning allows up to 41 Units & approximately 28,000 SF to be built on site with no height limit. Chinatown is changing & growing! Newer dining establishments like Howlin Rays and Majordomo are popping up everywhere, surrounded by classics like Hop Lis and Yang Chows. Recent real estate developments in the area have brought in a younger, wealthier tenant base, and the immediate access to public transportation (under half a mile to the Metro Gold Line & under one mile to Union Station) is helping to make this area the next hottest spot around! With the recently re-done & gorgeous Los Angeles State Historic Park just a stones throw away, and sandwiched between the excitement of Downtown & the up and coming Lincoln Heights/Cypress Park & the already-here Highland Park, the rents that can be had in Chinatown are the envy of the Development Community! Current entitlements exist for a 9 Unit co-living project.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-23T12:42:55.463. 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.
    www.haciendagroupinc.com/homes/111932799
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    823 Cleveland St Los Angeles, CA 90012

    • Price: $2,350,000
    • Status: Active
    • Updated: 54 min ago
    • MLS #: 20-660336
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.22
    Acres
    Neighborhood:
    Chinatown
    County:
    Los Angeles
    Area:
    Metropolitan
    Property Description
    On offer is a fully Ellisd 9,400 SF of R4-1 Tier 3 land. The high-density Zoning allows up to 41 Units & approximately 28,000 SF to be built on site with no height limit. Chinatown is changing & growing! Newer dining establishments like Howlin Rays and Majordomo are popping up everywhere, surrounded by classics like Hop Lis and Yang Chows. Recent real estate developments in the area have brought in a younger, wealthier tenant base, and the immediate access to public transportation (under half a mile to the Metro Gold Line & under one mile to Union Station) is helping to make this area the next hottest spot around! With the recently re-done & gorgeous Los Angeles State Historic Park just a stones throw away, and sandwiched between the excitement of Downtown & the up and coming Lincoln Heights/Cypress Park & the already-here Highland Park, the rents that can be had in Chinatown are the envy of the Development Community! Current entitlements exist for a 9 Unit co-living project.
    Exterior Features

    Lot Size Area 9400 View Description CityOther View YN Yes

    Property Features

    Cable YN Yes Potential Usage 41+/- Units By Toc Or 23+/- By Right Present Use Ellis'd Properties. One Structure With Fire Damage. Sale Type Standard Source Lot Size Area Vendor Enhanced Source Lot Size Dimensions Assessor Zoning R4-1 Tier 3

    Listing provided courtesy of Dario Svidler DRE#01884474 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-04-23T12:42:55.463. 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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    Hacienda Agency Inc
    77935 Calle Tampico # 201
    La Quinta CA, 92253