1801-1805 W 5th St, Los Angeles, CA 90057

1801-1805 W 5th St, Los Angeles, CA 90057

Los Angeles, CA
$2,260,000

Property Description

1801-1805 W 5th St. totals 9 unit across two structures, APNs: 5154-024-002 | 5154-024-001, a 1900 duplex at 1801 w 5th St. and a 1941 7 unit located at 1805 W 5th St with attractive zoning and development potential. Offering fantastic development upside as the property sits on a 12,002 sq. ft. double lot zoned LAR4 with TOC Tier 3and TOIA T-2 density bonuses, along with ED1 eligibility. This zoning allows an investor to build up to 63 units by right through the Transit Oriented Incentive Areas (TOIA) Tier 2 designation. The maximum buildable area for the site is 54,009 sq. ft. , capped by Floor Area Ratio (FAR), providing significant development potential. The property has had all major systems upgraded in the past 10 years, making this a headache free investment.

Property Features

  • Sale Price: $2,260,000
  • Area Size: 6,842 Sq Ft
  • Land Area: 0.28 acre lot
  • Year Built: 1941
  • Units: 9

Lyon Stahl Investment Real Estate

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