We are pleased to present an eight (8) unit apartment building located at 430 N Bixel Street in Los Angeles, California. The subject property is located in a solid South Echo Park Location, south of W Temple Street and east of Glendale Boulevard. Built in 1923, this property contains a great unit mix of four (4) one-bedroom / one-bathroom units, one (1) one-bedroom / one-bathroom unit with a bonus den, and three (3) two-bedroom / one-bathroom units. The units are spread across four (4) detached craftsman style buildings with limited on-site parking available. The property goes street-to-street with side alley access making this a wonderful candidate for redevelopment. Complying with the Central City West Specific Plan, this property has a zoning of R4(CW) with a large abutting alleyway (used for density calculation), allowing for twenty-two (22) units by-right with potential to utilize Tier 2 TOC or ED 1 density bonus incentives. Situated in a solid South Echo Park location, this offering presents an excellent opportunity for any investor or developer to capitalize on one of the numerous options this property has as a value-add project or a redevelopment site in one of the fastest growing areas of Los Angeles.
Courtesy of Marcus & Millichap, Jason Tuvia - CA DRE#01772495
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