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Closed
- Listed price
- $3,198,000
- Listed Nov 8, 2021
- Sold price
- $2,525,000
- Sold Apr 13, 2022
2,393 sqft lot|1920 Built|23 MLS days on market
201 211 Lucas Ave, Los Angeles, CA 90026
Property Description
A 47 unit development site ideally located in a Tier 1Transit Oriented Community (TOC) on the corner of Lucas Avenue and West 2nd Street in the heart of Downtown Los Angeles, CA. 12,037 square foot development site currently improved with one 11 unit apartment building. This is a unique opportunity to purchase a centrally located development site in Downtown Los Angeles. Spread over three contiguous parcels, this project allows for thirty-one (31) units to be built by right, but with the TOC Tier 1density bonus, there is a potential to build up to forty-seven (47) units. 201-211 Lucas Avenue is in a high-growth location, multifamily rents per unit are forecast to increase by 12% in the next five years making this a phenomenal value-add and development opportunity. The land is currently improved with one eleven (11) unit 5,872 square foot apartment building. The building is currently 91% occupied, with just one vacancy.
Listing agent: Brielle BacalDRE #01987008bri@worldofluxuryestates.com, Listing office: Keller Williams Realty
MLS data updated 11/4/2026, 7:30:38 AM PT
Source: CRMLSMLS #: 21103113
Belmont insights
Price & property history
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Last recorded sale$2,525,000
Apr 13, 2022
Available records22021–2022
From MLS recordsActual listing and closing events
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$2,525,000Closed sale · Apr 13, 2022ZIP 90026 · Apr 2022
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.This home · 2 price recordsNov 8, 2021 – Apr 13, 2022
ZIP 90026 · same property typeThis MLS property type has no exact comparison group.
Freddie Mac · national weekly ratesLoading mortgage-rate history…
Recorded sales in this period (1)
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
View listing & sale records
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.