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2900 E 1st Street

Los Angeles, CA 90033
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SqFt6,024

Sqft(Lot)

Rare shovel-ready multifamily development opportunity in East Los Angeles! Vacant site with RTI-approved plans for a 25-unit, 4-story multifamily project with roof terrace. Approved plans include 19 / 1-bed 1-bath units and 6 studios, including 3 designated low-income affordable studios and 22 market-rate units. Significant entitlement and pre-development work completed, offering developers and investors a substantial head start toward construction. Prime location near Boyle Heights, Downtown LA, Lincoln Heights, Little Tokyo, Arts District, USC/Keck Medical Center, Los Angeles General Medical Center, schools, shopping, restaurants, transit and major freeways. Current area rental indicators are approximately $2,100– $2,350 for 1-bedrooms and $1,650–$1,850 for studios. RTI pla ns and development documents available to qualified buyers. **LAND-ONLY PURCHASE OPTION **without approved plans for buyers wishing to pursue their own development concept. "SEE ATTACHED PDF FOR FULL DESCRIPTION"

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Detail Ic Property Details

Property Type : Land

Price : $1,250,000

AD Id : 89674887

MLS Id : DW26179408

Lot Size : 6,024 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Lot Information

    Main Square Feet: 6024 Lot Size Acres: 0.1383 Lot Size Square Feet: 6,024 Lot Description: NearPublicTransit,RectangularLot,StreetLevel

  • Listing Price Information

    Listing Price: $1250000
    Cash, Conventional, Exchange1031

  • Tax Information

    Parcel Number: 5180021001 Tax Year: 2025 Annual Tax: $9771

  • Utility Information

    ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerAvailable, SewerConnected, UndergroundUtilities, WaterAvailable, WaterConnected
  • Location Information

    Direction: E 1st St east of Soto St (Boyle Heights). South side of the street. WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
209 N Mathews, Los Angeles, CA, 90033 $1,700,000 -- -- -- 8,848 Sqft(Lot)
2525 Gleason Avenue, Los Angeles, CA, 90033 $499,000 -- -- -- 5,746 Sqft(Lot)
1517 Ricardo, Los Angeles, CA, 90033 $975,000 -- -- -- 7,501 Sqft(Lot)
1623 E 1st Street, Los Angeles, CA, 90033 $375,000 -- -- -- 8,349 Sqft(Lot)

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ByOwner last updated this listing 08/20/2026 @ 13:16

MLS: DW26179408 LISTED BY: Maria Moreno, Regional Real Estate 626-672-0534 SOURCE: CRMLS

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