3327 Darwin Ave, Los Angeles, CA 90031

$2,495,000
4
BD
4
BA
2,805
SqFt

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List Price
$2,495,000
MLS#
26996373
Year Built
1941
Bedrooms
4
Bathrooms
4
Living Sq. Ft
2,805
Lot Size
14,000
Days on Market
2
Property Type
Multifamily
Style
Other
Stories
1

Property Description

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. The property may also offer potential for approximately 22 additional units, subject to zoning, approvals, entitlements, and verification with the City of Los Angeles.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.

Additional Information

Other Buildings
None
Pool Description
None
Heat
None
Cooling
Other
View
None
Number of Cars in Garage
Carport Detached, Carport

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Courtesy of Nest Seekers, Pendar Moghaddam - CA DRE#02381056

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