1117 N Avenue 56, Los Angeles, CA 90042

About this property

DEVELOPMENT DEAL! ! 1117 N. Avenue 56 is a 6,300 square foot vacant lot zoned RD2 in Highland Park! Located in one of LA's hottest rental markets, there are multiple options to profit on this rare opportunity. The current owner was planning to pursue city approvals for a 5 unit apartment development (3 units + 2 detached ADUs). Other great options include a co-living project, condo development, townhomes, affordable housing development, single family home or small lot subdivision. This property boasts an unbeatable Highland Park location, walking distance to all the York Blvd shops, cafes and restaurants.

Listing description from the January 2024 sale, as reported to CRMLS.

Sale history

$1,080,000

Sold January 2024 · listed $1,100,000, on market June 2023 · MLS #23284717 · Source: CRMLS

Listing Agent: Benjamin J. Hsiang · Listing Office: Realty Investment Advisors, Inc. · Contact: 424-377-6001 · Bought with: Sandra Alvarez · American Team Properties

$810,000

Sold February 2022 · listed $750,000, on market December 2021 · MLS #21111341 · Source: CRMLS

Listing Agent: Darin Spillman · Listing Office: Kidder Mathews of California, Inc. · Contact: 310-312-2800 · Bought with: Darin Spillman · Hudson Commercial Partners, Inc.

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