Multi-Family
1817 Sichel St
1817 Sichel St, Los Angeles, CA 90031
Listing Price: $1,300,000
Investment Overview
Marcus & Millichap is pleased to present a 9,074 sq. ft. lot that was previously a single-family home 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.
Exclusively Listed By
Listing Price: $1,300,000
Investment Highlights
- Vacant Lot Demolished SFR in 2020
- 55 Feet of Frontage
- Located in a Qualified Opportunity Zone
- No Relocation Fees Needed
- No Demolition Costs
- Previously RTI for 18 Units
Investment Overview
Marcus & Millichap is pleased to present a 9,074 sq. ft. lot that was previously a single-family home 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.
Exclusively Listed By
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