906 East 23rd Street

Los Angeles, CA 90011

$1,195,000
Price
6,234 / 0.14
Lot Size / Acres
a view of a white building among the street
an aerial view of multiple house
a view of a city with lots of trees
an aerial view of multiple house
a car parked in front of a white building
an aerial view of a house with wooden fence
a view of a red and white house
a front view of a house with glass windows

Description

25% Price Reduction! A possible affordable housing development opportunity at 906 E 23rd Street, just south of Downtown Los Angeles. The 6,232 sq. ft. lot currently has an 8648 sq. ft. structure that will be delivered vacant at close of escrow. Located in a dense community with an easy commute to Downtown and close to multiple Metro local lines, Metro A Line (Blue) to Long Beach and Metro E Line (Gold) to Santa Monica. The property is located in the Opportunity Zone which offer incentives for investing...25% Price Reduction! A possible affordable housing development opportunity at 906 E 23rd Street, just south of Downtown Los Angeles. The 6,232 sq. ft. lot currently has an 8648 sq. ft. structure that will be delivered vacant at close of escrow. Located in a dense community with an easy commute to Downtown and close to multiple Metro local lines, Metro A Line (Blue) to Long Beach and Metro E Line (Gold) to Santa Monica. The property is located in the Opportunity Zone which offer incentives for investing in low-income communities. Opportunity Zones programs offer three tax incentives through a qualified Opportunity Fund. Property is also centered in the Enterprise Zone which the Federal, State and City governments provide economic incentives to stimulate local investment and employment through tax and regulation relief and improvement of public services. Located 2 miles from USC and the LA Convention Center, close to the Fashion District Downtown and the Los Angeles Trade Technical College. Maximum Unit Count is 4 (four) Units 2 units plus a 1,200 sq. ft ADU and a 500 sq. ft. Jadu. Maximum Build Size is 10,800 sq. ft. for all livable structures. Heigth Limit is 3 Stories (33 ft.) Property down the street is building a three story duplex and 2 two story ADUs. a total of three buildings. Maximum Build Size is 16,200 sq. ft for all livable structures. (Information provided by Flipro.) Contact LA1 for further information.
  1. Listed by Herbert L McGurk • DRE #01361267 • Brokerage DRE #01464847 • Coldwell Banker Realty

Property Details for 906 East 23rd Street

Water Front
None
Zoning
[Q]LAR4
Parcel Number
5131019001
Area
Downtown L.A. (C42)
Lot Size Area
6234
Source Lot Size Area
Vendor Enhanced
Potential Usage
Affordable Housing
Assessor Parcel Number
5131-019-001
LISTING UPDATED: 09/23/2024 03:21 PM

Property Details for 906 East 23rd Street

StatusActive
MLS #24-426808
Days on Market108
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.14 AC
CountyLos Angeles County

Building Information for 906 East 23rd Street

Lot Size0.14 AC

Property Information for 906 East 23rd Street

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Walk Street
  • Water: In Street
  • Sewer: In Street
Contract Info
Contract Info
  • Probate: No
  • Financing: Submit, Cash
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • 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: No
  • Lot Acreage: 0.1431
  • Lot Size Square Feet: 6234
  • Lot Size Dimensions: 50x125
  • Source Lot Size Dimensions: Vendor Enhanced
  • Lot Location: City
  • Telephone: 1.0
  • Cable: 0.0
  • Electric: In Street
  • Gas: In Street
  • Possible New Zone: R4 or Commercial
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 08-12-2024

Property History for 906 East 23rd Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 906 East 23rd Street

Taxable ValueLand$235,654Additions$324,022Total$559,676
Tax Record2024$7,503 ($625 / month)
Home Facts
Total Finished SqFt8,648 SqFtAbove Grade Finished SqFt8,648 SqFtStories1Lot Size6,232 SqFtStyleReligiousYear Built1937ZoningLAR4CountyLOS ANGELESAPN5131-019-001

Schools near 906 East 23rd Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
San Pedro Street Elementary School
Public - K to 5
John Adams Middle School
Public - 6 to 8
Thomas Jefferson Senior High School
Public - 9 to 12
Nava College Preparatory Academy
Public - 9 to 12
Rating
School
Distance
San Pedro Street Elementary School
PublicK to 5

John Adams Middle School
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 906 East 23rd Street, Los Angeles, CA 90011

906 East 23rd Street is a 0.14 ac of land for sale in Los Angeles, CA 90011. This property was listed for sale on August 12, 2024 by Coldwell Banker Realty, it's currently listed at $1,195,000. This listing's school district is Los Angeles Unified School District. Nearby schools include San Pedro Street Elementary School, John Adams Middle School and Thomas Jefferson Senior High School. 906 East 23rd Street is a 0-bed, 0-bath, 0.14 ac of land on a 6,234 sq. ft. / 0.14 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 Coldwell Banker Realty, Herbert L McGurk, DRE #01361267

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.