1817 Sichel Street, Los Angeles, CA 90031
List Price: $975K
Listing Status: Active
Original List Price: $1.3M
0Days on Market: 152
0 Bedrooms · 0 Bathrooms
Property Type: Land
Lot Size: 9,077 sq ft
MLS Number: 26700583
About This Property
$325,000 Price Reduction. Onwner Purchased for 1.3 Million. A 9,074 sq. ft. lot that was previously a single-family home was demolished in 2020. The owner has pulled RTI plans for 18 units and has done all the work to prepare a buildable lot. Some valuable aspects of the site include its SB8 status, 55 feet of frontage, location in a Qualified Opportunity Zone, and the fact that there is no need for structure demolition or tenant relocation. The property is located in Lincoln Heights, one of LA's oldest suburbs and a rapidly developing area; it is close to Downtown Los Angeles and offers a historic charm and many new retail and dining experiences on top of good transit and accessibility
Listing provided by: Jon Emrani DRE #01427038 310-909-5500 jon.emrani@marcusmillichap.com, Marcus & Millichap
Source: CRMLS, MLS #: 26700583
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