FOURPLEX OR LAND FOR DEVELOPMENT UP AND EVOLVING CENTRAL CITY WEST NEIGHBORH " />

Main Content

2214-2216 W. Temple Street Los Angeles, CA 90026
2214-2216 W. Temple Street
Los Angeles, CA 90026
Property Type Land Status For Sale Size 3836 SQ. FT
Parking

Large yard for parking

FOURPLEX OR LAND FOR DEVELOPMENT UP AND EVOLVING CENTRAL CITY WEST NEIGHBORHOOD

Premises: ± 3,836 SF 2-Story Building
± 7,128 SF Land
Price: $1,700,000
Cap Rate: 2.6% Actual
Price/Unit: $425,000 per door
Occupancy: 100%
Apartment Style: California Craftsman

 

Features
  • Developer can build a new commercial or multi family project or add additional units to the site
  • Stable cash flow during entitlement process
  • Opportunity zone
  • Zimas indicates Tier 2 designation with a 45% increase FAR of at least 3.25% 1/2 parking spaces per bedroom | no more than 1 space per unit