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1822 Johnston St
Los Angeles, CA 90031

$3,400,000 USD

Land For Sale  •  3.67 AC

Property Details

  • Property Type Land
  • Lot Size 3.67 AC
  • Zoning M1-VL
60 Transit Score
79 Walk Score

Description

Exceptional opportunity to control prime commercial real estate in Lincoln Heights.  Property is part of a larger development that includes a newly built 97 unit affordable housing apartment complex (has recently officially received TCO from the city - see Offering Memorandum for more details) providing exceptional daily traffic along with strong neighborhood demographics.  Ideally situated for an owner-user as grocery tenant, medical office practice (including out-patient surgery), and/or gym, as well as multiple other uses, this vacant land can be built-to-suit.   Property is conveniently located near mass transit, Keck Hospital of USC, and major freeways.   The Property, which consists of two separate areas within a Master Parcel, is marketed as one project, but they can be negotiated separately (see Offering Memorandum for more details).

Highlights

New mixed-use project set to complete later in 2024 with variety of opportunities to be a part of this exciting new project!
DEVELOPMENT HAS OFFICIALLY RECEIVED TCO!
PROPERTY TYPE 1 - Land Lease: Vacant land includes city approved plans for 5 story parking structure + medical office
PROPERTY TYPE 2 - Air Rights Sale OR Lease: Ground floor commercial space ideal for gym/grocery/retail with 97 unit apartment complex above
PROPERTY TYPE 3 (Master Parcel Sale)- Full acquisition of the entire master parcel including all of OPTION 1 & 2. MF units from mixed-use not included

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 5 min - 2.1 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)) 6 min - 2.2 mi
AirportDriveWalkDistance
Bob Hope 23 min - 16.1 mi
Los Angeles International 30 min - 18.4 mi
Long Beach (Daugherty Field) 32 min - 21.8 mi
Hiiro Tomita 661-706-1517 JCI Real Estate
Hiiro Tomita 661-706-1517 JCI Real Estate