133 W Avenue 31 new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90031
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,768 sqft
Price per Sqft $424
MLS Listing ID 25579117
Bedrooms 3
Full Baths 1
Three Quarter Bath 1
Year Built 1905
Lot Size 6,255 Sqft
Property Sub-Type Single Family Residence
Property Description
Rare Development Opportunity in Lincoln Heights. This single-family home with an additional structure sits on an expansive, flat lot zoned RD3-1 with TOC Tier 3 status opening the door to endless possibilities. Keep the original Craftsman charm with its roomy layout, soaring ceilings, and abundant natural light, or take advantage of the easy-to-build lot and create a profitable multi-unit project.Located in a state-designated housing and enterprise zone, this property qualifies for density bonuses, reduced parking requirements, faster approvals, and major developer incentives. Key Highlights: Expansive, flat lot with RD3 zoning multi-unit potential. TOC Tier 3, build more units with fewer parking requirements. Enterprise & Housing Element site added incentives and faster approvals. Craftsman character with tons of natural light. Steps from Zizou, Moo's Craft Barbecue, Mazel, and Terra Mia. Minutes to Chinatown, Highland Park, and DTLA. Strong renter and buyer demand in a thriving neighborhood. Whether you're looking to develop, invest, or design your dream home, this property is a rare chance to grab a prime piece of Lincoln Heights with character, location, and high ROI potential.
Location
State CA
County Los Angeles
Area 677 - Lincoln Hts
Zoning LARD3
Rooms
Other Rooms Guest House
Interior
Fireplaces Type Decorative
Exterior
Parking Features Driveway
Pool None
View Y/N No
View None
Building
Story 1
New Construction No
Others
Special Listing Condition Standard