231 S Avenue 18, Los Angeles, CA 90031
Single-family home · 2 recorded sales since 2018
Sold July 2022
Listing Agent: Justin McCardle (DRE #01895720) · Listing Office: GIG Real Estate Inc. · Contact: 626-594-4901 · Bought with: Handoko Chen · GIG Real Estate Inc. · MLS #AR22079095 · Source: CRMLS
About this single-family home
Attention developers and Fix and Flip Investors! This development opportunity right-off near Chinatown and Downtown Los Angeles (at the edge of Lincoln Heights). The property is unique due to its strategic location right off Broadway St & Spring St intersection with clear view of DTLA skyline. The property is a stone throw away from Chinatown which made this a suitable redevelopment play with multiple exit strategies. The property is zoned RD1.5-1 Tier 1, on almost a 10,000 SF Lot. The property currently has a single-family residence and is unentitled, providing a savvy developer the opportunity to design a project that fits their own style. The properties’ location will give the new development exciting unobstructed views of Downtown Los Angeles. A creative developer will be able to work many different scenarios of potential developments, including Small Lot Ordinance Homes, or a For Rent product. Another possibility includes buyer to use the existing structure and build additional units in the back. Please download supplemental attachment!
Listing description from the July 2022 sale, as reported to CRMLS.
Sale history
