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Listed by Steven Bogoyevac • Steven M. Bogoyevac, Broker
$1,700,000
Est. payment /mo
8,848 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW-26132458
Lot Size 8,848 Sqft
Source California Regional Multiple Listing Service (CRMLS)
Property Description
209 North Mathews Street presents a 22-unit RTI infill multifamily development opportunity in Los Angeles' Boyle Heights. This is an outstanding opportunity to acquire an asset with approved plans in one of Los Angeles' most active infill development markets.
Situated on an 8,846-square-foot LAR3-zoned lot, the property comes with approved plans for a 22-unit apartment building featuring nine one-bedroom units, 13 two-bedroom units, balconies for select units, and a rooftop common area with skyline views designed to enhance renter appeal. Three of the units are designated low income. Construction plans call for all wood construction, lessening construction costs compared to steel construction. Plans also call for storage space which could potentially be converted to four ADUs.
Located just around the corner from the Metro E Line, the site offers residents convenient access to Downtown Los Angeles, major employment centers, and area attractions. Its transit-oriented location is increasingly attractive to renters seeking connectivity and affordability. Further enhancing the site's walkability, a major grocery store is just two blocks away.
Situated on an 8,846-square-foot LAR3-zoned lot, the property comes with approved plans for a 22-unit apartment building featuring nine one-bedroom units, 13 two-bedroom units, balconies for select units, and a rooftop common area with skyline views designed to enhance renter appeal. Three of the units are designated low income. Construction plans call for all wood construction, lessening construction costs compared to steel construction. Plans also call for storage space which could potentially be converted to four ADUs.
Located just around the corner from the Metro E Line, the site offers residents convenient access to Downtown Los Angeles, major employment centers, and area attractions. Its transit-oriented location is increasingly attractive to renters seeking connectivity and affordability. Further enhancing the site's walkability, a major grocery store is just two blocks away.
Location
State CA
County Los Angeles
Area Boyh - Boyle Heights
Zoning LAR3
Exterior
Community Features Urban
View Y/N No
View None
Building
Lot Description Rectangular Lot
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900