IMPROVED PRICE! $$$93 / SF Vacant Land Total Size of 17,205 sq.ft (3 Parcels / 824 830 834 E Jefferson Blvd) LACM 1 Zoning – Great opportunity to develop in South Downtown LA. Former 3 residential properties completely demolished and now vacant land. Located
824 E Jefferson Blvd, Los Angeles, CA 90011, USA
$1,600,000 USD 0 0
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Address824 East Jefferson, Los Angeles
Property SubtypeSingle Family Residence
Price$1,600,000
Price Changed15.34% (-$290,000, 157 days ago)
Year Built2020
Bedrooms Total0
Living Area17,205
Lot Size (Sq.Ft.)17,205
Listing ID20581736
StatusActive Under Contract
Parcel Number5121003007
ZoningLAM1
Special ConditionsStandard
Days on Market245

Detailed Description: IMPROVED PRICE! $$$93 / SF Vacant Land Total Size of 17,205 sq.ft (3 Parcels / 824 830 834 E Jefferson Blvd) LACM 1 Zoning – Great opportunity to develop in South Downtown LA. Former 3 residential properties completely demolished and now vacant land. Located on busy street with great visibility, 4 minutes to USC and 10 minutes to DTLA, Lots of restaurants and transportation near by cross the streets East Jefferson Bl and San Pedro St. ***County records show as M1 zoning but Zimas Reports show all 3 parcels as CM-1 (Commercial Manufacturing) zoning. It is possible to build wholesale, storage, clinics, light manufacturing, and limited C2 and R3 uses as long as city approves it. That means that you can also build multi-family units. With the lot size being 17,205 sq.ft, you can build up to 21-22 units (based on 800 sq.ft minimum per dwelling unit requirement). These properties are located in TOC Tier 1 area so there is a 50% density bonus which allows approx. 10-11 additional units.

Laundry
Pool Private
Senior Community

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Address Information
Address824 East Jefferson, Los Angeles
Street PrefixEast
CityLos Angeles
Location (MLS Area)C16 – Mid Los Angeles
County Or ParishLos Angeles
State or ProvinceCA
Postal Code90011
Financial Information
Purchase Contract DateAugust 16, 2020
Price Changed-15.3439%
Previous Price$1,890,000
Price per Square Foot$93.00
Price per Lot Square Foot$93.00
Special ConditionsStandard
Tax Year2021
Full Descriptions
Parcel Number5121003007
Detailed DescriptionIMPROVED PRICE! $$$93 / SF Vacant Land Total Size of 17,205 sq.ft (3 Parcels / 824 830 834 E Jefferson Blvd) LACM 1 Zoning – Great opportunity to develop in South Downtown LA. Former 3 residential properties completely demolished and now vacant land. Located on busy street with great visibility, 4 minutes to USC and 10 minutes to DTLA, Lots of restaurants and transportation near by cross the streets East Jefferson Bl and San Pedro St. ***County records show as M1 zoning but Zimas Reports show all 3 parcels as CM-1 (Commercial Manufacturing) zoning. It is possible to build wholesale, storage, clinics, light manufacturing, and limited C2 and R3 uses as long as city approves it. That means that you can also build multi-family units. With the lot size being 17,205 sq.ft, you can build up to 21-22 units (based on 800 sq.ft minimum per dwelling unit requirement). These properties are located in TOC Tier 1 area so there is a 50% density bonus which allows approx. 10-11 additional units.
Architectural StyleSee Remarks
Laundry FeaturesSee Remarks
Pool FeaturesNone
Property parameters
Year Built2020
Living Area (Sq.Ft.)17,205
Lot Size (Sq.Ft.)17,205
Lot Size SourceEstimated
ZoningLAM1
Property SubtypeSingle Family Residence
Listed withJ. Geo Kim (One Properties)