3229 Whittier Blvd, Los Angeles, CA 90023
0.18 Acres of Commercial Land Offered at $1,350,000 USD in Los Angeles, CA 90023
For Sale
Active
5 pictures
Asking Price $1,350,000
- Property Type
-
Land
- Square Feet
- 7,841 SF
Listing Contacts
Patricia Escobar
Ben Lee
Neema Ahadian
Property Overview
The Neema Group is pleased to present a development opportunity at 3329 Whittier Blvd in the Boyle Heights neighborhood of Los Angeles, located just west of Lorena St.
The property is RTI for 32 units, featuring a unit mix of 28 one-bedrooms (approximately 470 SF) and four two-bedrooms (approximately 515 SF); four of the one-bedroom units will be set aside as deed-restricted extremely low income units.
Close proximity to schools including Lorena Street Elementary and Robert Louis Stevenson Middle School, employment in the Arts District, Vernon, and Downtown Los Angeles, and transit options such as the Metro L Line and Metro Local Line stops at Lorena & Whittier; this location makes it convenient for residents to commute throughout the city even without a vehicle.
The property is RTI for 32 units, featuring a unit mix of 28 one-bedrooms (approximately 470 SF) and four two-bedrooms (approximately 515 SF); four of the one-bedroom units will be set aside as deed-restricted extremely low income units.
Close proximity to schools including Lorena Street Elementary and Robert Louis Stevenson Middle School, employment in the Arts District, Vernon, and Downtown Los Angeles, and transit options such as the Metro L Line and Metro Local Line stops at Lorena & Whittier; this location makes it convenient for residents to commute throughout the city even without a vehicle.
Property Details
- Property Subtype
- Commercial
Highlights
- The Boyle Heights neighborhood remains a desirable area to invest and build as approximately 75% of the 95,000 residents choose to rent.
- Offered at a low $42,188 per buildable unit and $168 per square foot at the asking price; no tenant relocation required.
- Opportunity to acquire a RTI TOC project with only four deed-restricted units with the ability to benefit from the affordable housing landscape
- The vacant lot totals 8,037 SF and is zoned C1.5-1-CUGU in a Tier 3 TOC.
- Close proximity to Highway 60
All available spaces
- Space
- Lot 1
- Size
- 7,841 SF
- Price
- $1,350,000
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