3327 Darwin Avenue,Los Angeles, CA 90031
Los Angeles, CA 90031
Description
RARE VACANT FOUR-UNIT DEVELOPMENT OPPORTUNITY IN LINCOLN HEIGHTS! Exceptional opportunity to acquire a vacant four-unit multifamily property situated on an approximately 14,000 SF lot across two adjoining parcels. The property features four 1-bedroom/1-bathroom units, totaling approximately 2,805 Sq ft of existing building area. Delivered vacant, the property provides immediate flexibility for investors, owner-users, or developers without the complexities of tenant relocation.A significant component of the opportunity is the property's inclusion in the Darwin Apartments development, featuring RTI-approved entitlements for a 70-unit affordable housing development with approximately 36,507 SF of proposed floor area across five stories. Conveniently located in Lincoln Heights with access to Downtown Los Angeles, major transportation corridors, shopping, dining, and neighborhood amenities. A rare combination of a vacant four-unit property, approximately 14,000 SF of land, and substantial development potential.Buyer to independently verify all zoning, entitlements, development potential, unit count, square footage, permitted uses, and development plans with the City of Los Angeles.
Details
| MLS # | 26996373 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 17 |
| Listing Provided By | Nest Seekers | Pendar Moghaddam |
Features
| Bed(s) | 4 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 2,805 |
| Car Port | Yes |
| Story(s) | 1 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | LARD2 |
| Acreage | 0.32 |
| Property View | None |
Interior
| Heating | None |
|---|---|
| Heating Yes / No | No |
| Fireplace Yes / No | No |
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Carport, Detached Carport |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $2,495,000 low | high Med: $817,500 sqft: 2,805 low | high Med: 1,365 $ / sqft: $889 low | high Med: $668 On site: 17 low | high Med: 89 | |
Market Activity 90031
Request a showing
Request a showing
Contact
Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90031 |
| Area | 677 Lincoln Hts |
| Listing VS Median (in 90031) | |
Price: $2,495,000 low | high Med: $817,500 sqft: 2,805 low | high Med: 1,365 $ / sqft: $889 low | high Med: $668 On site: 17 low | high Med: 89 | |