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$ 1,349,000
Est. payment /mo
New
519 N Alexandria Los Angeles, CA 90004
7,607 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25281001
Lot Size 7,607 Sqft
Property Sub-Type Lots/Land
Property Description
Ideal opportunity to develop a new multi-unit project in close proximity to Downtown Los Angeles, Hancock Park, Silver Lake, Koreatown, and East Hollywood. The property is located within a Qualified Opportunity Zone (QOZ), offering potential tax benefits for qualified investors (buyer to verify). Currently improved with three vacant units, providing immediate flexibility for redevelopment or repositioning. The site offers potential for a 9-unit residential project, subject to buyer verification and city approvals. The City of Los Angeles provides numerous housing and density incentive programs that may allow optimization of unit count and overall project feasibility. Centrally located near major transportation routes, employment centers, shopping, dining, and public amenities. Utilities are available in the street. An excellent opportunity for developers or investors seeking a well-located property in a high-demand rental market. Buyer to verify zoning, incentives, development feasibility, and QOZ status.
Location
State CA
County Los Angeles
Direction North of Beverly, South of Melrose, East of Normandie and West of Vermont
Interior
Fireplace No
Exterior
Utilities Available Electric, Natural Gas
View Y/N No
Others
Senior Community No
Tax ID 5520010019
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Nick & Mike Nick & Mike Keller Williams R. E. Services