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1272 S Indiana Street, East Los Angeles, CA 90023

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For Sale

$585,000

3 beds • 1 baths • 850 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Single Family Detached
    Property type

  • $688.24
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Development opportunity on 3 adjacent parcels to build 8 new residential units plus 1 new commercial warehouse to suit under new LA Metro green zone plan area with rapid access to 5 freeway immediately south of down town Los Angeles -or- keep as is. THIS PARCEL 5242-009-016 IS BEING SOLD IN CONJUNCTION WITH THE TWO NEIGHBORING PARCELS 5242-009-017 and 5242-009-018 TO THE SOUTH. The first parcel 1270 S. Indiana (5242-009-016) consists of a two-bedroom, one bathroom single family residence at the rear of the property with a large cemented area in front. It is currently zoned R3 and as per East LA regional planning it will allow up to four units on this parcel. The second parcel 1272 S. Indiana (5242-009-017) consists of a 3-bedroom one-bathroom single family residence with a large cemented area in front. This parcel is currently zoned LCM1 (Light Manufacturing) but approved to be re- zoned as R3 under the new LA county Metro planning area and as per East LA regional planning office it will allow up to four units on the property as well. According to the East LA Regional Planing Department, they will allow a total of eight units on those two parcels combined. Buyer to verify all information regarding new zoning through https://planning.lacounty.gov/metroareaplan and consult with https://planning.lacounty.gov for new development guidelines. The third corner parcel (5242-009-018), 3903, 3909 and 3911 Union Pacific Ave, currently consists of a 2 bedroom 1 bath single family residence, an auto repair shop building, and a corner section, both currently being used for private parking and vehicle storage , not as licensed auto repair shops opened to the public. This parcel is currently zoned LCM1 (Light Manufacturing) but LA County Planning Department has recently approved re-zoning to M-0.5-GZ (green zone) transitioning from automotive oil/carbon economy to a greener technologies and food preparation service area (among other permitted uses). Buyer to verify all information regarding zoning and permitted uses through https://planning.lacounty.gov/metroareaplan and consult with https:// planning.lacounty.gov for new development guidelines.
MLS# DW24035558

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Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Cooling System
    None
  • Roof Type
    Unknown
  • Rooms
    Bedroom, Full Bath

Map and Directions

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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