Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

4

Building size

2,805 sqft

Lot size

14,000 sqft

Year built

1941

Stories

1

Style

See Remarks

Heating

None

Pool

None

View

None

Status

Active

Days on market

8

MLS #

247869038

About this property

RARE VACANT FOUR-UNIT DEVELOPMENT OPPORTUNITY IN LINCOLN HEIGHTS! Exceptional opportunity to acquire a vacant four-unit multifamily property situated on an approximately 14,000 SF lot across two adjoining parcels. The property features four 1-bedroom/1-bathroom units, totaling approximately 2,805 Sq ft of existing building area. Delivered vacant, the property provides immediate flexibility for investors, owner-users, or developers without the complexities of tenant relocation.A significant component of the opportunity is the property's inclusion in the Darwin Apartments development, featuring RTI-approved entitlements for a 70-unit affordable housing development with approximately 36,507 SF of proposed floor area across five stories. Conveniently located in Lincoln Heights with access to Downtown Los Angeles, major transportation corridors, shopping, dining, and neighborhood amenities. A rare combination of a vacant four-unit property, approximately 14,000 SF of land, and substantial development potential.Buyer to independently verify all zoning, entitlements, development potential, unit count, square footage, permitted uses, and development plans with the City of Los Angeles.

Location

3327 Darwin Avenue

Los Angeles, Los Angeles, CA, 90031