6
See all 6 photos
$1,349,000
Est. payment /mo
7,605 Sqft Lot
New
519 N Alexandria Los Angeles, CA 90004
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD25281001
HOA Y/N No
Lot Size 7,605 Sqft
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
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Fireplace No
Exterior
Community Features Curbs
Utilities Available Electricity Available, Natural Gas Available, Sewer Connected, Water Connected
View Y/N No
View None
Building
Lot Description Rectangular Lot
Water See Remarks
New Construction No
Others
Senior Community No
Tax ID 5520010019
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
Lease Land No
Listed by Nick & Mike Nick & Mike Keller Williams R. E. Services 8184062777
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