08/16/2023
Redevelopment Opportunity or Investment Opportunity.
2 units in Boyle Heights on Mathews Street $1,200,000
Lot Size, 8841.6 sqft Zone, R3 TOC, Tier 4 Current Build Assumptions: 11 Units by right (R3) 19.85 Units (w/R3 + TOC Tier 4, 80% bonus) Investors, Developers, & Builders! Hard to find 8,841 sqft lot of R3 property in prime location with a TOC-Tier 4 designation. One block from Soto and 1st Street,
1440 sqft duplex consisting of two, 730 sqft, 1 bedroom + 1 bath. This lot is right-smack-dab in the middle of the soon to be implemented Boyle Heights Community Plan update. With
the current zone assumptions, you can build 11 units by right, and 19.85 utilizing the TOC Tier 4 (80% bonus) designation. The property features a two-car garage, storage/workshop and has an alley way on the south and west sides of the property.
Central Location - minutes away from Downtown LA, the new 6th LA Bridge, Cal State LA, Schools, Restaurants, Parks, near all major
freeways and LAC