3327 Darwin Avenue

Los Angeles CA 90031

2805 sq. ft.

14000 sq. ft.

Other

Currently for sale - view listing

Overview

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.

Features

4 bedrooms

4 bathrooms

2805 sq. ft. floor area

14000 sq. ft. lot size

Other

Property history for 3327 Darwin Avenue

2024

Sold

$760,000

16 Jul 2024 by Jose Sanchez Rosales, of Downtown, Inc, REATORS

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