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$ 1,800,000
Est. payment /mo
New
1771 Albion Lincoln Heights, CA 90031
8 Beds
6,781 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID MB25242279
Bedrooms 8
Lot Size 6,781 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
1771 Albion St (aka 1773 Albion), Los Angeles 90031. 5-Unit Property with MAJOR TOC DEVELOPMENT POTENTIAL Adjacent property at 1779 Albion St (APN 5447-026-019) is also currently for sale, creating the opportunity to combine both lots for a total of approximately 15,850 sq.ft. of land. Ideal for developers or investors seeking to build new housing projects within a Transit Oriented Community (TOC) area (buyer to verify). 1771 Albion St (APN 5447-026-020) features five existing residential units on a 6,781 sq.ft. corner lot, located near Downtown LA, Chinatown, Dodger Stadium, and the LA State Historic Park (Cornfield). Excellent location next to Albion Riverside Park and close to the LA River Revitalization Corridor, with convenient access to the 5 and 110 freeways, Metro transit, and surrounding employment centers. A unique chance to acquire an income-producing property with strong future redevelopment upside in one of LAs fastest-growing areas.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Broadway Ave turn South on Ave 18. Turn West on Albion Street to Ave 17.
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Roof Type Composition
Building
Story 2
Level or Stories 2
Others
Tax ID 5447026020
Listed by ANDREW ARENAS GEORGE MICHAEL REALTY
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