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4325 E Hammel Street

East Los Angeles, CA 90063
  • $170,000
  • STATUS: Active
  • ON SITE: 18 Days
  • ID#: SB21247395
UPDATED: 39 min ago
$170,000
  • 0
    BEDS
  • 0.15
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing provided courtesy of Joshua Barut of Lyon Stahl Investment Real Estate, Inc. and Evelyn Baez Gonzalez of

Description

This 6,888 SF Vacant Lot is located right in the heart of the highly sought-after East Los Angeles Submarket. The lot is fully vacant with no relocation of tenants necessary allowing for an immediate build upon acquisition. Furthermore, the lot sits in a central location in the middle of a vastly appreciating market. Located just a few miles away from Downtown Los Angeles, Banc of California Stadium, and Exposition Park, this offering provides a pathway to instant increase in value. Downtown currently provides 500,000 jobs and with the aforementioned new development and countless other projects breaking ground, this investment presents a great opportunity for any investor. Moreover, any future property built on this site will carry with it New Construction. This is extremely valuable as the property will not be subject to Statewide Rent Control (A.B. 1482) and, in effect, will not be subjected to any limitations whatsoever when it comes to Rent Adjustments. Another benefit with respect to the propertys location is its Easy Access to all of Los Angeles. It is located near the East LA Interchange - a junction of the 5, 10, 101, and 60 freeways and one of the most traveled freeway intersections in California. Proximity to these freeways offers access to nearly any part of the City and the respective job markets throughout with relative ease. In addition, the Lot features an Excellent Walk Score of 80 (Very Walkable) meaning the majority of the various restaurants, cafes, shopping, and services throughout the Submarket are accessible on foot. All said, this property is a developers dream and represents a rare opportunity to build on one of the least obstructed lots in the entire area.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-01T18:29:34.07. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
www.theparsonsrealestateteam.com/homes/123260026
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4325 E Hammel Street East Los Angeles, CA 90063

  • Price: $170,000
  • Status: Active
  • On Site: 18 Days
  • Updated: 39 min ago
  • ID#: SB21247395
0
Beds
0
Baths
0
½ Baths
0.15
Acres
Neighborhood:
ELA - East Los Angeles
County:
Los Angeles
Area:
ELA - East Los Angeles
Property Description
This 6,888 SF Vacant Lot is located right in the heart of the highly sought-after East Los Angeles Submarket. The lot is fully vacant with no relocation of tenants necessary allowing for an immediate build upon acquisition. Furthermore, the lot sits in a central location in the middle of a vastly appreciating market. Located just a few miles away from Downtown Los Angeles, Banc of California Stadium, and Exposition Park, this offering provides a pathway to instant increase in value. Downtown currently provides 500,000 jobs and with the aforementioned new development and countless other projects breaking ground, this investment presents a great opportunity for any investor. Moreover, any future property built on this site will carry with it New Construction. This is extremely valuable as the property will not be subject to Statewide Rent Control (A.B. 1482) and, in effect, will not be subjected to any limitations whatsoever when it comes to Rent Adjustments. Another benefit with respect to the propertys location is its Easy Access to all of Los Angeles. It is located near the East LA Interchange - a junction of the 5, 10, 101, and 60 freeways and one of the most traveled freeway intersections in California. Proximity to these freeways offers access to nearly any part of the City and the respective job markets throughout with relative ease. In addition, the Lot features an Excellent Walk Score of 80 (Very Walkable) meaning the majority of the various restaurants, cafes, shopping, and services throughout the Submarket are accessible on foot. All said, this property is a developers dream and represents a rare opportunity to build on one of the least obstructed lots in the entire area.
Exterior Features

Lot Features Sloped DownRectangular LotTreesYard View Hills View YN Yes

Property Features

Additional Parcels YN No Association Fee 0 Association YN No Common Interest None Community Features BikingFoothillsStreet LightsSuburbanSidewalks Land Lease YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Contract New Construction YN No Senior Community YN No Special Listing Conditions Standard Utilities None Water Source Public Zoning Lcr2*



Based on information from California Regional Multiple Listing Service, Inc. as of 2021-12-01T18:29:34.07. 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 deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101
Listing provided courtesy of Joshua Barut of Lyon Stahl Investment Real Estate, Inc. and Evelyn Baez Gonzalez of