231 South Ave 18

Los Angeles, CA 90031

$1,350,000
Last Sold Price
3
Beds
2
Baths
2,066 Sq. Ft.
$653 / Sq. Ft.
2,066
Sq. Ft.
$653
per Sq. Ft.

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!
  1. Listed by Justin McCardle • DRE #01895720 • Brokerage DRE #02021933 • GIG Real Estate Inc.
  2. 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 Total
0
Private Pool
No
Cooling Type
N/K
Total Units
1.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
2066

Location

Listing Courtesy of GIG Real Estate Inc., Justin McCardle, DRE #01895720; GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By GIG Real Estate Inc., Handoko Chen, DRE #01749321

Add your commute
LISTING UPDATED: 07/16/2022 12:48 PM

Property Details for 231 South Ave 18

StatusClosed
MLS #AR22079095
Days on Market35
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built1885
Lot Size0.23 AC / 9,935 SF
CountyLos Angeles County

Location

Listing Courtesy of GIG Real Estate Inc., Justin McCardle, DRE #01895720; GIG Real Estate Inc., Handoko Chen, DRE #01749321

Sold By GIG Real Estate Inc., Handoko Chen, DRE #01749321

Add your commute

Building Information for 231 South Ave 18

Stories1Year Built1885Building Size-Lot Size0.23 AC / 9,935 SF

Payment Calculator

$8,757 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,368

Property Taxes

$1,389

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 231 South Ave 18

Income / Expense / Tax Details
Income Details
  • Financing: Cash
Tax / Assessment Info
  • Tax Block: 1
  • Tax Tract Number: 0000
  • Tax Census Tract: 1997.00
  • CFD/Mello-Roos Fee: $454
  • Tax Lot: 11
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Equipment: N/K
  • Room Type: All Bedrooms Down
  • Main Level Bathrooms: 1
  • Main Level Bedrooms: 1
  • Bedroom Features: All Bedrooms Down
  • Laundry: No
  • Laundry Features: None
  • Laundry Location: N/K
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Fireplace: N/K
  • Cooling: None
Exterior Features
  • Structure Type: House
  • Miscellaneous: Urban
  • View Description: City Lights
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Sign on Property: Yes
  • Lot Features: Lot 6500-9999
  • Lease Considered: No
  • Available For Lease: No
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Sewer/Septic: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Residential Styles: Detached
  • Residential Unit Location: No Common Walls

Property History for 231 South Ave 18

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of GIG Real Estate Inc., Justin McCardle, DRE #01895720; GIG Real Estate Inc., Handoko Chen, DRE #01749321

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.