3327 Darwin Ave
Property Description
RARE VACANT FOUR-UNIT DEVELOPMENT OPPORTUNITY IN LINCOLN HEIGHTS! Exceptional opportunity to acquire a vacant four-unit multifamily property situated on an approximately 14,000 SF lot across two adjoining parcels. The property features four 1-bedroom/1-bathroom units, totaling approximately 2,805 Sq ft of existing building area. Delivered vacant, the property provides immediate flexibility for investors, owner-users, or developers without the complexities of tenant relocation.A significant component of the opportunity is the property's inclusion in the Darwin Apartments development, featuring RTI-approved entitlements for a 70-unit affordable housing development with approximately 36,507 SF of proposed floor area across five stories. The property may also offer potential for approximately 22 additional units, subject to zoning, approvals, entitlements, and verification with the City of Los Angeles.Conveniently located in Lincoln Heights with access to Downtown Los Angeles, major transportation corridors, shopping, dining, and neighborhood amenities. A rare combination of a vacant four-unit property, approximately 14,000 SF of land, and substantial development potential.Buyer to independently verify all zoning, entitlements, development potential, unit count, square footage, permitted uses, and development plans with the City of Los Angeles.
Broker Details
Nest Seekers International (310) 278-8861
MLS ID: C146294 State License Number: 02381056
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $2,495,000 |
| No. of Units: | 4 |
| Year Built: | 1941 |
| Lot Size: | 2,805.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $623,750 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 4 |
ID: 3yd-CLAWCA-26996373
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