1817 Sichel St — Sale in Los Angeles, CA

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Commercial Land
  • Location: Los Angeles, CA 90031

Description

Marcus & Millichap is pleased to present a 9,074 sq. ft. lot that was previously a single-family home 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. Investment Highlights: • Vacant Lot Demolished SFR in 2020 • 55 Feet of Frontage • Located in a Qualified Opportunity Zone • No Relocation Fees Needed • No Demolition Costs • Previously RTI for 18 Units

Market Context

This land in Los Angeles, CA is listed for sale. It has been on the market for 100 days. Compare it against other land listings for sale in Los Angeles, CA — view the full market.

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