906 E 23rd St Los Angeles, CA 90011
Listing Courtesy of: Combined L.A. Westside (CLAW) / Coldwell Banker Realty / Herbert McGurk II

  906 E 23rd St Los Angeles, CA 90011

Active (133 Days)
$1,195,000

Description

25% Price Reduction! A possible affordable housing development opportunity at 906 E 23rd Street, just south of Downtown Los Angeles. The 6,232 sq. ft. lot currently has an 8648 sq. ft. structure that will be delivered vacant at close of escrow. Located in a dense community with an easy commute to Downtown and close to multiple Metro local lines, Metro A Line (Blue) to Long Beach and Metro E Line (Gold) to Santa Monica. The property is located in the Opportunity Zone which offer incentives for investing in low-income communities. Opportunity Zones programs offer three tax incentives through a qualified Opportunity Fund. Property is also centered in the Enterprise Zone which the Federal, State and City governments provide economic incentives to stimulate local investment and employment through tax and regulation relief and improvement of public services. Located 2 miles from USC and the LA Convention Center, close to the Fashion District Downtown and the Los Angeles Trade Technical College. Maximum Unit Count is 4 (four) Units 2 units plus a 1,200 sq. ft ADU and a 500 sq. ft. JADU. Maximum Build Size is 10,800 sq. ft. for all livable structures. Heigth Limit is 3 Stories (33 ft.) Property down the street is building a three story duplex and 2 two story ADUs. a total of three buildings. Maximum Build Size is 16,200 sq. ft for all livable structures. (Information provided by Flipro.) Contact LA1 for further information.

MLS #:
24-426808
Lot Size
6,233 SQFT
Type
Land
Views
Walk Street
County
Los Angeles County

Listed By

Herbert McGurk II, DRE #01361267 CA, Coldwell Banker Realty
Source
Combined L.A. Westside (CLAW)
Last checked Dec 23 2024 at 8:02 AM GMT+0000
Bathroom Details
Basement Information
  • No
Utility Information
  • Sewer: In Street

Listing Brokerage Notes
Buyer Brokerage Compensation: 2.5%
*Details provided by the brokerage, not MLS (Multiple Listing Service). Buyer's Brokerage Compensation not binding unless confirmed by separate agreement among applicable parties.
Location
   
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Listing Price History

Date
Event
Price
% Change
$ (+/-)
Sep 23, 2024
Price Changed
$1,195,000
-25%
-400,000
Aug 12, 2024
Original Price
$1,595,000
-
-
Disclaimer: Copyright 2024 CLAW MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 12/23/24 00:02