1005 S Herbert Avenue

Los Angeles, CA 90023

PRICE REDUCED

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-$200,000 (-22.25%)

$699,000

List Price

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Property Description

Price slashed! Highly motivated seller! Developers will appreciate this prime R3 lot in East Los Angeles. Covering a generous 6,306 square feet, this untouched parcel has been expertly graded and enhanced with new soil, creating a sturdy base for your next project. Plans have already been submitted for a contemporary 3-story building that consists of four units, ideal for addressing the increasing housing demand in this lively area. With easy access to the 5, 60, and 710 freeways and just minutes away from Downtown Los Angeles, this site is perfectly situated for development that will appeal to both renters and buyers. Take this opportunity to influence urban living in one of L.A.'s most vibrant neighborhoods!

Listing Information

List Price $699,000
Status Active
MLS 24451043
Type Land
Lot Size 6,308
Structure Size N/A
DOM 138
Courtesy Of Global Platinum Properties, Inc.
Listing Agent Armin Soleimani DRE#01846872
Co-Listing Agent Julio Ruiz DRE#01911261

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Listing information courtesy of: Armin Soleimani, Julio Ruiz, Global Platinum Properties, Inc. 310-666-2246. *Based on information from the Association of REALTORS/Multiple Listing as of Feb 28th, 2025 at 12:13 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.