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2321 East 3Rd Street
Los Angeles, CA 90033

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Property Remarks

$110,000 Price reduction:This is a development opportunity in Boyle Heights, Los Angeles. The lot consists of 14,632 sq. ft. of RD 1.5-1-CUGU land. It is situated on a corner lot with alley access and has the lot dimensions of 98 X 149. Currently the property has 5 units that are occupied and will bring in income for a buyer as they go through their entitlements. Boyle Heights is a rapidly improving neighborhood, with many artists and younger renters moving in. The site is .01 miles away from the Metro Soto station, which is a two minute walk. The location is also very close to many restaurants, schools and places of business boasting a great Walkscore of 90. Owner has expired plans for 14 units which can be changed to 12 units and shovel ready in about 4 months.

Property Details

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Los Angeles
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Listing provided courtesy of Jon Emrani , Marcus & Millichap


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East and North East Los Angeles

Some of the older neighborhoods outside of the city cluster in this area which has seen development and gentrification in recent years as hip urban dwellers mix with existing communities and traditions to create vibrant neighborhoods.

One of the older neighborhoods on the Eastside of Los Angeles, Boyle Heights combines history with a thriving Latino community. Close to downtown and rich in tradition, this area is considered one of the areas primed for development. As one of the more established neighborhoods on the Eastside, Boyle Heights is full of older homes including both single-family and multi-family residences for sale.

Catching the wave of hipster living that spread from Los Feliz and Silver Lake, Highland Park offers hip, urban style with a touch of history that comes from being one of the older neighborhoods in Los Angeles. Highland Park is fuller of older homes including both single-family and multi-family residences for sale. Craftsman and bungalow homes as well as Spanish-style homes are popular here.

Named for a large rock outcropping with the image of an eagle in flight, Eagle Rock is near to downtown Los Angeles but has the appeal of a quiet college town. The area first began to boom in the 1920s as people migrated west from Pasadena and there are a large number of Craftsman and Spanish-style homes and bungalows in the area. 

Surrounding areas include Glassell Park, Mount Washington, Lincoln Heights, El Sereno, Cypress Park, East Los Angeles, and Montecito Heights. 

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