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Listed by Chit W Yip • Coldwell Banker Realty
$400,000
Est. payment /mo
1.82 Acres Lot
Price Dropped by $350K
0 Thelma Ave Los Angeles, CA 90032
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID P1-27046
Lot Size 1.822 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Major price reduction! Don't miss this incredible investment opportunity to purchase two detached triplexes totaling approximately 14,487 SF ( listed separately under MLS# P1-27820 Parcel# 5216-007-006 & 007 ) together with five adjacent vacant land parcels comprising approximately 2.15 acres. All are offered together as one package for $ 2,000,000! Of the total purchase price $400,000 is allocated to the five vacant land parcels. Situated in a prime El Sereno location near Alhambra with LARD5 zoning, offered at an exceptionally attractive price with tremendous future development potential. Conveniently located near Valley Blvd and just minutes from California State University, LA with easy access to DTLA, Highland Park, South Pasadena, and the 10, 710 freeways. Established neighborhood with utilities available from adjacent properties. These properties offer convenient access, scenic surroundings and excellent potential for future residential development. LARD5 zoning may offer potential for apartments, townhomes, condominiums or other residential development opportunities. All five lots are adjacent to each other. APN # 5216-007-010 & 5216-007-022 & 5216-007-017 located on 0 N. Thelma Ave, APN# 5216-007-011 and APN # 5216-007-012 located on North Eastern Ave Los Angeles, CA 90032 are including in the listing price. Seller is motivated. Buyers to conduct their own due diligence regarding all aspects of the properties. Seller is performing a 1031 exchange. Buyer to cooperate at no additional cost or liability to buyer. Price to sell!
Location
State CA
County Los Angeles
Area 621 - El Sereno
Zoning LARD5
Exterior
Community Features Curbs
Utilities Available None
View Y/N Yes
View City Lights
Building
Lot Description Sprinklers None
Sewer Unknown, None
Nearby Locations
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