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114-120 E Adams Blvd
Los Angeles, CA 90011

$1,950,000 USD

Land For Sale  •  0.33 AC

Property Details

  • Property Type Land
  • Lot Size 0.33 AC
  • Zoning R4
87 Transit Score
88 Walk Score

Description

Unentitled land with potential for up to 91 units using ED-1. Priced at $133 per land SF, and $21,428 per unit. Two R4-zoned lots, located only 3 blocks from the Lorenzo Apartments—one of USC's largest off-campus student housing communities. The site is located within an Opportunity Zone. One parcel contains a single-story 4-unit residential apartment building with Month-To-Month tenants, and the other parcel is currently used as a parking lot. See attached feasibility study for more information.

Highlights

Eligible for ED-1 with potential for up to 91 units
Priced at $21,400 per unit and $134 per land SF
Zoned R4 and eligible for AB 2097 - exempt from parking requirements
Adjacent corner building (2600 S Main St) also available for sale
Opportunity Zone - provides significant tax incentives
Only 3 blocks away from one of USC's largest off-campus student housing development—the Lorenzo Apartments

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 6 min - 3.0 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 8 min - 3.3 mi
Transit/SubwayDriveWalkDistance
Lattc/Ortho Institute (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 12 min 0.6 mi
Grand Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 15 min 0.8 mi
Jefferson/Usc (Expo Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 18 min 0.9 mi
San Pedro Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 19 min 1.0 mi
AirportDriveWalkDistance
Los Angeles International 22 min - 12.5 mi
Bob Hope 27 min - 16.2 mi
Long Beach (Daugherty Field) 28 min - 20.7 mi
Joe Bolognese 310-422-3891 Saxum West
Joe Bolognese 310-422-3891 Saxum West