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Listed by ANDREW ARENAS • GEORGE MICHAEL REALTY
$ 1,800,000
Est. payment /mo
Active
1771 Albion Los Angeles, CA 90031
3,128 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 3,128 sqft
Price per Sqft $575
MLS Listing ID CRMB25242279
HOA Y/N No
Year Built 1920
Lot Size 6,781 Sqft
Property Sub-Type Other
Source Datashare California Regional
Property Description
1771 Albion St (aka 1773 Albion), Los Angeles 90031. 5-Unit Property with MAJOR TOC DEVELOPMENT POTENTIAL Adjacent property at 1779 Albion St (APN 5447-026-019) is also currently for sale, creating the opportunity to combine both lots for a total of approximately 15,850 sq.ft. of land. Ideal for developers or investors seeking to build new housing projects within a Transit Oriented Community (TOC) area (buyer to verify). 1771 Albion St (APN 5447-026-020) features five existing residential units on a 6,781 sq.ft. corner lot, located near Downtown LA, Chinatown, Dodger Stadium, and the LA State Historic Park (Cornfield). Excellent location next to Albion Riverside Park and close to the LA River Revitalization Corridor, with convenient access to the 5 and 110 freeways, Metro transit, and surrounding employment centers. A unique chance to acquire an income-producing property with strong future redevelopment upside in one of LA's fastest-growing areas.
Location
State CA
County Los Angeles
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Laundry See Remarks
Building
Lot Description Corner Lot, Level, Other
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