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    1848 N Workman Street

    Los Angeles (City), CA 90031
    • $1,095,000
    • STATUS: Active
    • ON SITE: 17 days
    • MLS #: 21677484
    UPDATED: 15 min ago
    $1,095,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,242
      SQFT
    • $338
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1917
    County:

    School Ratings & Info

    Description

    On offer is a Duplex (consisting of two house) that has been removed from the rental market through the Ellis Act. Units were vacant at time of Ellis Act Removal. Property is in an Opportunity Zone. Zoning allows for an 18 Unit Development Opportunity in the quickly changing Lincoln Heights neighborhood of Los Angeles. A Buyer can reverse the removal from the rental market or can continue the 18 Unit Entitlement work (with 2 affordable units) started by the Seller and with a Demo Permit in the Clearance Stage. The oversized 9,099 SF R3-1 Tier 1 lot has 55 feet of frontage allowing for simpler designs to max the parking scenario if a Buyer were interested in doing a smaller project for ease, speed & economy. With LAC+USC Medical Center a few blocks to the south, the LA Brewery Artist Colony to the west, this location is quickly becoming a premier neighborhood. Solar Panels have been removed. Zimas lists 3 units. HCIDLA lists 2 units. Sold as-is, where is. Value is in the land.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T10:26:04.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

    www.desertareahomesforsale.com/homes/113089706
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    1848 N Workman Street Los Angeles (City), CA 90031

    • Price: $1,095,000
    • Status: Active
    • Updated: 15 min ago
    • MLS #: 21677484
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    3,242
    SQFT
    $338
    $/SQFT
    1917
    Built
    Neighborhood:
    677 - Lincoln Hts
    County:
    Los Angeles
    Area:
    677 - Lincoln Hts
    Property Description
    On offer is a Duplex (consisting of two house) that has been removed from the rental market through the Ellis Act. Units were vacant at time of Ellis Act Removal. Property is in an Opportunity Zone. Zoning allows for an 18 Unit Development Opportunity in the quickly changing Lincoln Heights neighborhood of Los Angeles. A Buyer can reverse the removal from the rental market or can continue the 18 Unit Entitlement work (with 2 affordable units) started by the Seller and with a Demo Permit in the Clearance Stage. The oversized 9,099 SF R3-1 Tier 1 lot has 55 feet of frontage allowing for simpler designs to max the parking scenario if a Buyer were interested in doing a smaller project for ease, speed & economy. With LAC+USC Medical Center a few blocks to the south, the LA Brewery Artist Colony to the west, this location is quickly becoming a premier neighborhood. Solar Panels have been removed. Zimas lists 3 units. HCIDLA lists 2 units. Sold as-is, where is. Value is in the land.
    Exterior Features

    Lot Size Dimensions 55X165 Lot Size Source Assessor Lot Size Units Square Feet Parking Features Driveway Parking YN Yes

    Property Features

    Country Us Exclusions Solar Panels Shown On Photos Have Been Removed. Gross Income 0.00 Gross Multiplier 0.00 Gross Operating Income 0.00 Lot Dimensions Source Assessor Net Operating Income 0.00 Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Total Expenses 0.00 Vacancy Allowance Rate 100.00 Zoning R3-1 Tier 1

    Listing provided courtesy of Dario Svidler of Compass and Zach Krasman of


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-01-25T10:26:04.393. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Desert Area Homes For Sale | Premier Properties. Licensed in the State of California, USA.

     
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