For sale is 318 N. Mathews St. in the improving and gentrifying Los Angeles City neighborhood of Boyle Heights. This vacant 3,077sf duplex is prime for redevelopment due to it's large 8,545sf R3-1 Tier 3 lot surrounded on three sides by two alleys and the street. While an 11 unit by-right development is doable, encouraged is a fully Transit Oriented Communities development utilizing it's Tier 3 TOC density bonus. Build approximately 20 units (2 low income) and have as little parking on site as 10 spots. Potential for on-grade construction makes this a perfect development play for someone who understands the Boyle Heights market and sees the potential in this burgeoning market. Property is within three blocks of the Metro Gold Line Soto Station and half a block away from the Cesar Chavez Ave. shopping and dining area.
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Listing Courtesy ofCompass