• 2323 E 3rd Street, Los Angeles CA: https://media.crmls.org/mediaz/cf7871e9-cb60-4e43-8051-5e24df623ecf.jpg

2323 E 3rd Street, Los Angeles, CA 90033

Offered at $3,450,000

Incredible development opportunity just 500 feet from the Metro station! This offering includes two contiguous commercial-zoned parcels totaling approximately 21,400 SF. One parcel features a 3-unit building; the other includes five (5) detached 2-bedroom bungalows. Combined gross annual income is approximately $75,000 with one unit currently vacant, providing immediate upside potential.Preliminary drawings are available for a proposed 120-unit residential development targeting moderate- to low-income housing. Ideal for developers seeking a transit-oriented site with income in place during planning and entitlement.Do not disturb tenants. Contact listing agent for additional information and to access preliminary plans.