Overview
Description
Ideal opportunity to develop a new multi-unit project in close proximity to Downtown Los Angeles, Hancock Park, Silver Lake, Koreatown, and East Hollywood. The property is located within a Qualified Opportunity Zone (QOZ), offering potential tax benefits for qualified investors (buyer to verify). Currently improved with three vacant units, providing immediate flexibility for redevelopment or repositioning. The site offers potential for a 9-unit residential project, subject to buyer verification and city approvals. The City of Los Angeles provides numerous housing and density incentive programs that may allow optimization of unit count and overall project feasibility. Centrally located near major transportation routes, employment centers, shopping, dining, and public amenities. Utilities are available in the street. An excellent opportunity for developers or investors seeking a well-located property in a high-demand rental market. Buyer to verify zoning, incentives, development feasibility, and QOZ status.
Address
Open on Google Maps- Address Alexandria
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90004
Details
Updated on February 26, 2026 at 12:08 am- Property ID: HZGD26023224
- Price: $1,150,000
- Property Status: Land
- Listed by: Nick & Mike Nick & Mike
- DRE #: 00976678
- Contact Mail: sold@nickandmike.com
- Brokered by: Keller Williams R. E. Services
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