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341 N Savannah Street

Los Angeles, CA 90033
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Bed 5

Bed

Bath 4

Bath

SqFt1,941

Sqft

SqFt9,564

Sqft(Lot)

DEVELOPMENT AND VALUE ADD OPPORTUNITY ON AN APPROXIMATELY 9,564 SQUARE FOOT LOT IN BOYLE HEIGHTS. Offered at $650,000, 341 & 343 N. Savannah St. gives investors and developers an opportunity to acquire an existing income producing duplex on a substantial residential parcel recently rezoned under the Boyle Heights Community Plan Update and the City of Los Angeles Chapter 1A Zoning Code. The property is now zoned [VN1-MU3-4][RX2-15][CPIO]. Under the new zoning framework, Density District 15 generally provides a base density of one dwelling unit per 1,500 square feet of lot area, creating the potential for approximately six units on a parcel of this size, subject to applicable development standards, City requirements and buyer verification. The existing property consist of two residential uni ts: 341 N. Savannah is a 2 bed, 2 bath unit and 343 N. Savannah is a 3 bed, 2 bath unit over two separate garages. The property also includes two garages, a gated driveway and substantial on site area providing several possibilities for a buyer evaluating the site's long term use. The new Boyle Heights zoning framework includes development standards intended to facilitate residential infill, including reduced side and rear setbacks in applicable residential form districts. The property's size and existing configuration may provide an opportunity to evaluate additional residential development while retaining some or all of the existing improvements or other redevelopment strategies permitted under current regulations. Buyer to investigate and verify. The property is located within the Boyle Heights Community Plan Implementation Overlay (CPIO), which contains additional development regulations and potential incentive programs. Buyers should independently investigate the property's applicable CPIO provisions and any available density, affordable-housing or other development incentives. Both units are occupied by long term tenants and the property is being sold with the existing tenants in place. The property is subject to the Los Angeles Rent Stabilization Ordinance (LA RSO). The units are habitable with no known violations and provide additional long term value add potential through renovation if and when a unit becomes vacant. Owner currently pays water and sewer and tenants pay their own electricity and gas. 341 & 343 N. Savannah St. offers a combination of existing rental income, a large approximately 9,564 square foot lot, new Chapter 1A zoning and potential for additional residential development in Boyle Heights. Property sold with tenants in place. Drive-by only. Please DO NOT disturb occupants. Buyer to independently investigate and verify zoning, density, allowable floor area, building height, setbacks, CPIO requirements and incentives, ADU potential, tenant protections, development feasibility and all other property information.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $650,000

AD Id : 91264036

MLS Id : 26988673

Beds : 5

Lot Size : 9,564 Sq. Ft

Living Area Size : 1,941 Sq. Ft

Year Built : 1920

Garage : 4

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 5

    Bathroom Information

    Total Baths: 4
  • Heating & Cooling

    Has Heating: Yes Heating: ForcedAir Cooling: None

  • Building Information

    Year Built: 1920
    Building Area Total: 1941
    Private Pool: No

  • Lot Information

    Main Square Feet: 9564 Lot Size Acres: 0.2196 Lot Size Square Feet: 9,564

  • Listing Price Information

    Listing Price: $650000

  • Tax Information

    Parcel Number: 5180018021

  • Parking Information

    Parking Total: 8 Concrete, Private

    Garage Information

    Has Garage: Yes Garage Space: 4

  • Location Information

    Direction: Between Michigan Ave. & E. Cesar Chavez Ave. Security Features: CarbonMonoxideDetectors,SmokeDetectors
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Nearby Home Value

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1517 Ricardo, Los Angeles, CA, 90033 $949,000 2 1 794 7,501 Sq. Ft
1450 Ricardo #1450, Los Angeles, CA, 90033 $449,000 2 1 800 7,504 Sq. Ft
2505 Chelsea, Los Angeles, CA, 90033 $699,000 5 5 -- 7,971 Sq. Ft
2746 Wabash Avenue, Los Angeles, CA, 90033 $790,000 5 4 2,249 5,918 Sq. Ft
2811 Winter, Los Angeles, CA, 90033 $699,000 3 1 1,302 5,854 Sq. Ft
2440 Wabash Avenue, Los Angeles, CA, 90033 $745,000 5 5 2,756 8,066 Sq. Ft
1151 1153 Cornwell Street, Los Angeles, CA, 90033 $1,170,000 -- -- 3,682 10,367 Sq. Ft
2505 Malabar, Los Angeles, CA, 90033 $1,100,000 1 1 -- 7,004 Sq. Ft
2427 Houston, Los Angeles, CA, 90033 $1,049,000 1 1 -- 7,003 Sq. Ft
701 N Fickett, Los Angeles, CA, 90033 $1,250,000 -- -- -- 6,950 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/16/2026 @ 12:49

MLS: 26988673 LISTED BY: Josh Hodeda, eLAvate,Inc. 818-643-1980 SOURCE: CRMLS

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