231 South Ave 18
231 South Ave 18
$1,350,000
3
2
2,066
2,066
$653
Closed 7/15/22
Description
Attention developers and Fix and Flip Investors! This development opportunity right-off near Chinatown and Downtown Los Angeles (at the edge of Lincoln Heights). The property is unique due to its strategic location right off Broadway St & Spring St intersection with clear view of DTLA skyline. The property is a stone throw away from Chinatown which made this a suitable redevelopment play with multiple exit strategies. The property is zoned RD1.5-1 Tier 1, on almost a 10,000 SF Lot. The property currently...Attention developers and Fix and Flip Investors! This development opportunity right-off near Chinatown and Downtown Los Angeles (at the edge of Lincoln Heights). The property is unique due to its strategic location right off Broadway St & Spring St intersection with clear view of DTLA skyline. The property is a stone throw away from Chinatown which made this a suitable redevelopment play with multiple exit strategies. The property is zoned RD1.5-1 Tier 1, on almost a 10,000 SF Lot. The property currently has a single-family residence and is unentitled, providing a savvy developer the opportunity to design a project that fits their own style. The properties’ location will give the new development exciting unobstructed views of Downtown Los Angeles. A creative developer will be able to work many different scenarios of potential developments, including Small Lot Ordinance Homes, or a For Rent product. Another possibility includes buyer to use the existing structure and build additional units in the back. Please download supplemental attachment!
- Listed by Justin McCardle • DRE #01895720 • Brokerage DRE #02021933 • GIG Real Estate Inc.
- Listed by Handoko Chen • DRE #01749321 • Brokerage DRE #02021933 • GIG Real Estate Inc.
Property Details for 231 South Ave 18
View
City Lights
Parking Spaces Total0
Private PoolNo
Cooling TypeN/K
Total Units1.0
Building TypeDetached
Lot Size SourceAssessor
Living Area2066
Location
LISTING UPDATED: 07/16/2022 12:48 PM
Property Details for 231 South Ave 18
Status | Closed |
---|---|
MLS # | AR22079095 |
Days on Market | 35 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Single Family |
MLS Type | Residential / Single Family Residence |
Year Built | 1885 |
Lot Size | 0.23 AC / 9,935 SF |
County | Los Angeles County |
Location
Building Information for 231 South Ave 18
Stories1Year Built1885Building Size-Lot Size0.23 AC / 9,935 SF
Payment Calculator
$8,757 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 231 South Ave 18
Property History for 231 South Ave 18
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 231 South Ave 18
Taxable ValueLand$1,100,000Additions$250,000Total$1,350,000
Tax Record2023$16,668 ($1,389 / month)
Home Facts
Beds3Total Finished SqFt2,066 SqFtAbove Grade Finished SqFt2,066 SqFtLot Size9,935 SqFtStyleSingle Family ResidenceYear Built1885ZoningLARD1.5CountyLOS ANGELESAPN5447-026-005
Schools near 231 South Ave 18
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 6 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Albion Street Elementary School PublicK to 6 | ||
Florence Nightingale Middle School Public6 to 8 | ||
Woodrow Wilson Senior High School Public9 to 12 | ||
Abraham Lincoln Senior High School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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