Major fixer-upper with redevelopment potential in Boyle Heights! Located at 1529 E. 1st St, this approximately 5,992 sq. ft. property offers an opportunity for investors and developers near Downtown Los Angeles and the 5, 10, and 101 freeways. The existing structure has no roof, requires substantial rehabilitation, and must be brought into compliance with applicable building codes. The property is subject to City of Los Angeles abatement requirements.Reportedly zoned LAM1 and located within an Opportunity Zone, the property offers potential for rehabilitation or redevelopment, subject to agency approvals. Utilities are reported to be available; their condition and connection status require verification. Buyer to independently investigate all abatement notices, outstanding violations, required corrective work, permits, associated costs, zoning, permitted uses, development potential, lot dimensions, utilities, and Opportunity Zone designation with the appropriate agencies.
| MLS # | SR26184013 |
|---|---|
| Listing Type | For Sale |
| Style | Mixeduse |
| Sub-Type | Resale |
| Status | Active |
| Year | 1992 |
| Days On Site | 14 |
| Listing Provided By | Pinnacle Estate Properties | Ibrahim Habib |
| SQ Feet | 6,000 |
|---|---|
| Story(s) | 1 |
| Building(s) | 1 |
| Acreage | 0.14 |
| Cooling | None |
|---|---|
| Heating | None |
| Heating Yes / No | No |
| Cooling Yes / No | No |
| Roof | None |
|---|---|
| Lot Features | Six To Ten Units Acre |
| Utilities | None |
|---|
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $700,000 low | high Med: $1,049,100 sqft: 6,000 low | high Med: 4 $ / sqft: $117 low | high Med: $262,275 On site: 14 low | high Med: 1 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90033 |
| Area | BOYH Boyle Heights |
| Listing VS Median (in 90033) | |
Price: $700,000 low | high Med: $1,049,100 sqft: 6,000 low | high Med: 4 $ / sqft: $117 low | high Med: $262,275 On site: 14 low | high Med: 1 | |