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Multi-Family

1910 Orchard Ave

1910 Orchard Ave., Los Angeles, CA 90007

Listing Price: $2,100,000

Lot Size
0.15 acres
Price/Acre
$13,716,599
Land Type
Land

Investment Overview

1910 Orchard Ave is a 6,669 square foot development opportunity in Pico Union on W Washington Blvd, adjacent to Downtown Los Angeles and situated just off the I-10 and I-110 one block east of West Adams Preparatory High School, , a superb central location with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation. The site currently consists three automotive tenants currently on month-to-month NNN leases, current income is $121,200 annually including the NNN reimbursements. This investment opportunity is ideal for an owner-user to take over the automotive shop or corner storefronts while collecting income from leasing the other spaces or to takeover the entire property to operate a business. The subject property is currently zoned C2-1-CPIO in a Tier 2 TOC on a 6,669 SF lot in a highly trafficked corner adjacent to West Adams High School. Development opportunity with the potential to build 16 units by-right and up to 26 units with an affordable component by utilizing the TOC Tier 2 benefits. The Pico Union market remains one of the most desirable submarkets for living and working. With over 75,000 people living within one-mile this highly populated submarket is ideal for an owner-user to operate a business. The subject property has a walk score of 89, offers direct access to the I-10 and I-110 Freeways, and sees a traffic count of over 52,000 cars per day.

Investment Highlights

  • 1910 Orchard Ave is a 6,669 square foot development opportunity in Pico Union on W Washington Blvd, adjacent to Downtown Los Angeles and situated just off the I-10 and I-110
  • The site currently consists three automotive tenants currently on month-to-month NNN leases, current income is $121,200 annually including the NNN reimbursements.
  • This investment opportunity is ideal for an owner-user to take over the automotive shop or corner storefronts while collecting income from leasing the other spaces
  • The subject property is currently zoned C2-1-CPIO in a Tier 2 TOC on a 6,669 SF lot in a highly trafficked corner adjacent to West Adams High School. Development opportunity with the potential to build 16 units by-right and up to 26 units with an affordable component by utilizing the TOC Tier 2 benefits
  • The Pico Union market remains one of the most desirable submarkets for living and working. With over 75,000 people living within one-mile this highly populated submarket is ideal for an owner-user to operate a business
  • The subject property has a walk score of 89, offers direct access to the I-10 and I-110 Freeways, and sees a traffic count of over 52,000 cars per day

Exclusively Listed By

Financing By

Listing Price: $2,100,000

Lot Size
0.15 acres
Price/Acre
$13,716,599
Land Type
Land

Investment Highlights

  • 1910 Orchard Ave is a 6,669 square foot development opportunity in Pico Union on W Washington Blvd, adjacent to Downtown Los Angeles and situated just off the I-10 and I-110
  • The site currently consists three automotive tenants currently on month-to-month NNN leases, current income is $121,200 annually including the NNN reimbursements.
  • This investment opportunity is ideal for an owner-user to take over the automotive shop or corner storefronts while collecting income from leasing the other spaces
  • The subject property is currently zoned C2-1-CPIO in a Tier 2 TOC on a 6,669 SF lot in a highly trafficked corner adjacent to West Adams High School. Development opportunity with the potential to build 16 units by-right and up to 26 units with an affordable component by utilizing the TOC Tier 2 benefits
  • The Pico Union market remains one of the most desirable submarkets for living and working. With over 75,000 people living within one-mile this highly populated submarket is ideal for an owner-user to operate a business
  • The subject property has a walk score of 89, offers direct access to the I-10 and I-110 Freeways, and sees a traffic count of over 52,000 cars per day

Investment Overview

1910 Orchard Ave is a 6,669 square foot development opportunity in Pico Union on W Washington Blvd, adjacent to Downtown Los Angeles and situated just off the I-10 and I-110 one block east of West Adams Preparatory High School, , a superb central location with convenient access to employment opportunities, education, shopping destinations, entertainment, nightlife, and public transportation. The site currently consists three automotive tenants currently on month-to-month NNN leases, current income is $121,200 annually including the NNN reimbursements. This investment opportunity is ideal for an owner-user to take over the automotive shop or corner storefronts while collecting income from leasing the other spaces or to takeover the entire property to operate a business. The subject property is currently zoned C2-1-CPIO in a Tier 2 TOC on a 6,669 SF lot in a highly trafficked corner adjacent to West Adams High School. Development opportunity with the potential to build 16 units by-right and up to 26 units with an affordable component by utilizing the TOC Tier 2 benefits. The Pico Union market remains one of the most desirable submarkets for living and working. With over 75,000 people living within one-mile this highly populated submarket is ideal for an owner-user to operate a business. The subject property has a walk score of 89, offers direct access to the I-10 and I-110 Freeways, and sees a traffic count of over 52,000 cars per day.

Exclusively Listed By

Financing By

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