906 23rd Street, Los Angeles
Los Angeles Home For Sale
A possible affordable housing development opportunity at 906 E 23rd Street, just south of Downtown Los Angeles. The 6,232 sq. ft. lot currently has an 8648 sq. ft. structure that will be delivered vacant at close of escrow. Located in a dense community with an easy commute to Downtown and close to multiple Metro local lines, Metro A Line (Blue) to Long Beach and Metro E Line (Yellow) to Santa Monica. Located in a Transit Oriented Communities (TOC) Tier 3 which requires the City Planning to create incentives for all housing developments located within a one-half mile radius of a major transit stop with incentives to developers to create affordable housing. The property is located in the Opportunity Zone which offer incentives for investing in low-income communities. Opportunity Zones programs offer three tax incentives through a qualified Opportunity Fund. Property is also centered in the Enterprise Zone which the Federal, State and City governments provide economic incentives to stimulate local investment and employment through tax and regulation relief and improvement of public services. Located 2 miles from USC and the LA Convention Center, close to the Fashion District Downtown and the Los Angeles Trade Technical College. Contact LA1 for further information.
Property Details
Additional Information
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- City:
- Los Angeles
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- County:
- Los Angeles
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- Zip:
- 90011
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- MLS® #:
- 24426808
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- Lot Size:
- 0.14
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of August 16th, 2024 at 8:15pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.