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1817 Sichel St 0.21 Acres of Residential Land Offered at $1,789,489 CAD in Los Angeles, CA 90031
Investment Highlights
- Vacant Lot Demolished SFR in 2020
- Located in a Qualified Opportunity Zone
- No Demolition Costs
- 55 Feet of Frontage
- No Relocation Fees Needed
- Previously RTI for 18 Units
Executive Summary
9,074 sq. ft. lot that was previously a single-family home was demolished in 2020. The owner has pulled RTI plans for 18 units and has done all the work to prepare a buildable lot. Some valuable aspects of the site include its SB8 status, 55 feet of frontage, location in a Qualified Opportunity Zone, and the fact that there is no need for structure demolition or tenant relocation. The property is located in Lincoln Heights, one of LA’s oldest suburbs and a rapidly developing area; it is close to Downtown Los Angeles and offers a historic charm and many new retail and dining experiences on top of good transit and accessibility
Property Facts
1 Lot Available
Lot
| Price | $1,789,489 CAD | Lot Size | 0.21 AC |
| Price Per AC | $8,603,767.83 CAD |
| Price | $1,789,489 CAD |
| Price Per AC | $8,603,767.83 CAD |
| Lot Size | 0.21 AC |
1 1
Moderately walkable
60/100
Very drivable
80/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 5210-008-022 | Improvements Assessment | $0 CAD |
| Land Assessment | $4,774,196 CAD | Total Assessment | $4,774,196 CAD |
Property Taxes
Parcel Number
5210-008-022
Land Assessment
$4,774,196 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,774,196 CAD
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1817 Sichel St
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