1157-1201 East 20th Street

Los Angeles, CA 90011

$1,300,000
Price
10,886 / 0.25
Lot Size / Acres

Description

We are pleased to present a 10,886 square foot double lot located at 1157-1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard. This offering is positioned on two (2) parcels totaling 10,886 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right. The lots are currently operating as a multifamily property with a total of...We are pleased to present a 10,886 square foot double lot located at 1157-1201 East 20th Street in Los Angeles, California. The subject property is situated in a great South-Central Los Angeles location, east of S Central Ave and south of E Washington Boulevard. This offering is positioned on two (2) parcels totaling 10,886 square feet of land with a zoning ordinance of LAR3-1. This allows for fourteen (14) units by-right. The lots are currently operating as a multifamily property with a total of seven (7) units giving a developer income while going through entitlements. The double lot is large offering developers a great opportunity to utilize ED1 with no maximum density requirement, and AB 2097 with no minimum parking requirement. Per ED1 this property has potential to bypass the maximum height requirements. Limited additional concessions or incentives are granted under the State Density Bonus program. By utilizing ED1 there is potential to up to eighty (80) units. This asset is positioned near many great local amenities including Trinity Recreation Center, 1720, Planet Fitness, The Boil Daddy, and 27th Street Bakery. Situated in a great South-Central Los Angeles Location, this offering presents an excellent opportunity for any developer to capitalize on a large double lot with the potential to build up to eighty (80) units utilizing ED1.
  1. Listed by Jason Tuvia • DRE #01772495 • Brokerage DRE #01238010 • Marcus & Millichap

Property Details for 1157-1201 East 20th Street

Zoning
LAR3
Parcel Number
5131008027
Area
Downtown L.A. (C42)
Lot Size Area
10886
Source Lot Size Area
Assessor
Present Use
Seven (7) Units across Two (2) Lots
Potential Usage
Fourteen (14) Units By-Right, Potential for no maximum density requirement under ED1.
Assessor Parcel Number
5131-008-027
LISTING UPDATED: 09/16/2024 02:36 PM

Property Details for 1157-1201 East 20th Street

StatusActive
MLS #24-440391
Days on Market5
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.25 AC
CountyLos Angeles County

Building Information for 1157-1201 East 20th Street

Lot Size0.25 AC

Property Information for 1157-1201 East 20th Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: City
  • View: City Lights
  • Water: In Street
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Type: Fee
  • Land Lease: No
  • Horse: No
  • Special Zoning: None
  • Additional Parcel Number: Yes
  • Lot Acreage: 0.1251
  • Lot Size Square Feet: 10886
  • Lot Features: Value In Land
  • Lot Description: 2-4 Lots, Value In Land
  • Lot Location: City
  • Telephone: 1.0
  • Cable: 1.0
  • Gas: In Street
  • Public Street: Yes
  • Assessments: Buyer to Verify
  • Site Decription: City
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 09-16-2024

Property History for 1157-1201 East 20th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near 1157-1201 East 20th Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Twentieth Street Elementary School
Public - K to 5
Dr. Julian Nava Learning Academies-School Of Business And Technology
Public - 6 to 8
Thomas Jefferson Senior High School
Public - 9 to 12
Nava College Preparatory Academy
Public - 9 to 12
Rating
School
Distance
Twentieth Street Elementary School
PublicK to 5

Dr. Julian Nava Learning Academies-School Of Business And Technology
Public6 to 8

Thomas Jefferson Senior High School
Public9 to 12

Nava College Preparatory Academy
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1157-1201 East 20th Street, Los Angeles, CA 90011

1157-1201 East 20th Street is a 0.25 ac of land for sale in Los Angeles, CA 90011. This property was listed for sale on September 16, 2024 by Marcus & Millichap, it's currently listed at $1,300,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Twentieth Street Elementary School, Dr. Julian Nava Learning Academies-School Of Business And Technology and Thomas Jefferson Senior High School. 1157-1201 East 20th Street is a 0-bed, 0-bath, 0.25 ac of land on a 10,886 sq. ft. / 0.25 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap, Jason Tuvia, DRE #01772495

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.