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Thomas Patriss

patrissproperties@gmail.com +1(858) 744-8021

$ 400,000

Est. payment | -/mo

1.82 Acres Lot

Save

$ 400,000

Est. payment | -/mo

Save

1.82 Acres Lot

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID P1-27046

HOA Y/N No

Lot Size 1.822 Acres

Property Description

Major price reduction! Don't miss this incredible investment opportunity to purchase two detached triplexes totaling approximately 14,487 SF ( listed separately under MLS# P1-27820 Parcel# 5216-007-006 & 007 ) together with five adjacent vacant land parcels comprising approximately 2.15 acres. All are offered together as one package for $ 2,000,000! Of the total purchase price $400,000 is allocated to the five vacant land parcels. Situated in a prime El Sereno location near Alhambra with LARD5 zoning, offered at an exceptionally attractive price with tremendous future development potential. Conveniently located near Valley Blvd and just minutes from California State University, LA with easy access to DTLA, Highland Park, South Pasadena, and the 10, 710 freeways. Established neighborhood with utilities available from adjacent properties. These properties offer convenient access, scenic surroundings and excellent potential for future residential development. LARD5 zoning may offer potential for apartments, townhomes, condominiums or other residential development opportunities. All five lots are adjacent to each other. APN # 5216-007-010 & 5216-007-022 & 5216-007-017 located on 0 N. Thelma Ave, APN# 5216-007-011 and APN # 5216-007-012 located on North Eastern Ave Los Angeles, CA 90032 are including in the listing price. Seller is motivated. Buyers to conduct their own due diligence regarding all aspects of the properties. Seller is performing a 1031 exchange. Buyer to cooperate at no additional cost or liability to buyer. Price to sell!

Location

State CA

County Los Angeles

Area 621 - El Sereno

Zoning LARD5

Interior

Fireplace No

Exterior

Fence Chain Link, Wood

Community Features Curbs

Utilities Available None, Other, Sewer Not Available, Water Not Available

View Y/N Yes

View City Lights, Neighborhood

Present Use Multi-Family

Building

Lot Description Sprinklers None

Sewer None, Unknown

Water Public, None, Other

New Construction No

Others

Senior Community No

Tax ID 5216007010

Acceptable Financing Cash, 1031 Exchange, Submit

Listing Terms Cash, 1031 Exchange, Submit

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Chit Yip Coldwell Banker Realty #01885125

Schools and Properties Nearby

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+1(858) 744-8021

patrissproperties@gmail.com

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0 Thelma Ave Los Angeles, CA 90032