2321 E 3rd St, Los Angeles, CA 90033

$110,000 Price reduction:This is a development opportunity in Boyle Heights, Los Angeles. The lot consists of 14,632 sq. ft. of RD 1.5-1-CUGU land. It is situated on a corner lot with alley access and has the lot dimensions of 98 X 149. Currently the property has 5 units that are occupied and will bring in income for a buyer as they go through their entitlements. Boyle Heights is a rapidly improving neighborhood, with many artists and younger renters moving in. The site is .01 miles away from the Metro Soto station, which is a two minute walk. The location is also very close to many restaurants, schools and places of business boasting a great Walkscore of 90. Owner has expired plans for 14 units which can be changed to 12 units and shovel ready in about 4 months.