26
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$1,000,000
Est. payment /mo
9,905 Sqft Lot
New
530 S Avenue 20 Los Angeles, CA 90031
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26632351
HOA Y/N No
Lot Size 9,905 Sqft
Property Description
We are pleased to present for sale an exceptional development opportunity in the heart of Lincoln Heights, one of Northeast Los Angeles' most rapidly evolving neighborhoods. Situated on a rare oversized 9,907 sq ft lot with LARD 1.5 zoning, this property offers significant upside and clear development potential in a supply-constrained market. The rectangular lot measures approximately 60 ft by 165 ft, providing efficient site planning and strong frontage. Under current zoning, the site allows for the development of up to six (6) residential units plus two (2) ADUs (buyer to verify), making it ideal for small-lot multifamily, income-producing development, or a larger 100% affordable housing ED 1 project. The property is currently improved with an owner-occupied single-family residence, which will qualify for SB 8 clearance, offering a valuable advantage for future redevelopment. Utilities are in place, further enhancing feasibility and reducing initial development hurdles. The property is also located within a qualified Opportunity Zone, which may provide for future tax incentives! (Buyer to verify) Centrally located with convenient access to Downtown LA, Glendale, Alhambra, Monterey Park, and surrounding areas, the property benefits from excellent connectivity, nearby freeways, public transit, and ongoing neighborhood revitalization. Lincoln Heights continues to see strong demand driven by its proximity to employment centers, cultural destinations, and new residential development. Do not miss this opportunity to acquire a well-positioned development site with favorable zoning, generous lot size, and long-term upside in a growing urban market. Buyer to conduct their own investigations regarding zoning, density, permits, and development potential. Contact listing agent for more details!
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD1.5
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5410018028
Special Listing Condition Standard
Listed by Daniel Shamooelian Keller Williams Beverly Hills
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