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Lincoln Heights Home w/Room to Build

$768,888

319 S Ave 20

# of Units: 1

Building SF: 1,338

Lot SF: 8,285

Price/SF: $574

Zoning: LARD2

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Pro Forma GRM: N/A

Pro Forma CAP: N/A

Year Built: 1890

Description

319 South Ave 20 is a single family home in Lincoln Heights with a large 8,000 + SF lot with room to build. The 3 Bedroom, 2 Bathroom home is vacant and features a detached garage plus basement and requires a full gut remodel. The TOC Tier 2 zoning allows for a buyer to build up to four units PLUS ADU's by right - Buyer to verify. 

Location

One block from N Broadway, Daly St, and Main St the subject property is centrally located and very walkable. Daily errands can be accomplished by foot due to the property's proximity to grocery stores, pharmacies, banks, and more. Lincoln Heights is a small neighborhood four miles east of DTLA. Due to its location, the neighborhood draws renters from various employment centers and universities: Keck USC Medical Center, White Memorial Hospital, DTLA, Cal State LA, FIDM, etc. This neighborhood continues to see growth, like 181 N Ave 21 the site of a six-story mixed-use development featuring 102 apartments, 100- key hotel, and 5,000 SF of retail space.  

Property Highlights

  • Development Opportunity

    • Vacant House (3Br+2Ba) 

    • Large 8,000 SF lot 

    • LARD 2-1 + TOC Tier 2 Zoning

    • Potential to Build Up to 4 Units + ADU's by Right

  • Very Walkable - 84 Walk Score

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