1779 Albion, Lincoln Heights, California 90031, Lincoln Heights, 90031 - bed, bath
ACTIVE$1,350,000
1779 Albion, Lincoln Heights, California 90031
0Bed
0Bath
1,836Sqft
9,069Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Development Opportunity: Designated as a 'Prime TOC Development Opportunity' with excellent potential for multi-unit housing development, leveraging its Transit Oriented Community (TOC) status.
Top Cons:
Demolition Requirement: The property includes two vacant structures explicitly stated as 'ready for demolition,' which will incur additional costs and time for removal before new construction can commence.
Compared to the nearby listings
Price:$1.35M vs avg $1.07M (+$275,000)92%
Size:1,836 sqft vs avg 2,386 sqft31%
Price/sqft:$735 vs avg $40392%
More Insights
Built in 1908 (117 years old).
Condition: The property was built in 1908, making it over 100 years old. The listing explicitly states that the two vacant structures on the lot are 'ready for demolition.' The provided images clearly show dilapidated, boarded-up buildings, confirming they are unlivable and beyond repair. The value of this property is solely in the land and its development potential, aligning perfectly with the 'tear-down' criteria.
Year Built
1908
Close
-
List price
$1.35M
Original List price
$1.4M
Price/Sqft
$735
HOA
-
Days on market
-
Sold On
-
MLS number
MB25242297
Home ConditionTear down
Features
Good View:
View-
About this home
1779 Albion St, Los Angeles 90031. Prime TOC Development Opportunity Near Downtown LA Adjacent corner property at 1771 Albion St (APN 5447-026-020) is also currently for sale, offering the rare opportunity to assemble both parcels for a combined total of approximately 15,850 sq.ft. of land. Together, these properties present excellent potential for multi-unit housing development (buyer to verify allowable uses with the City of Los Angeles). 1779 Albion St (APN 5447-026-019) includes two vacant structures ready for demolition on a 9,069 sq.ft. lot, located within a Transit Oriented Community (TOC) area near Downtown LA, Chinatown, Dodger Stadium, and the LA State Historic Park (Cornfield). Prime location next to Albion Riverside Park and along the LA River Revitalization Corridor, with easy access to the 5 and 110 freeways, Metro transit, and nearby commercial and entertainment hubs. A rare infill development opportunity in one of Los Angeles’ most connected and rapidly evolving neighborhoods.
Nearby schools
3/10
Albion Street Elementary School
Public,•K-6•0.1mi
3/10
Ann Street Elementary School
Public,•K-6•0.6mi
4/10
Griffin Avenue Elementary School
Public,•K-5•0.6mi
4/10
Gates Street Elementary School
Public,•K-5•0.9mi
4/10
Bridge Street Elementary School
Public,•K-5•1.2mi
2/10
Hillside Elementary School
Public,•K-5•1.2mi
4/10
Loreto Street Elementary School
Public,•K-5•1.2mi
2/10
Murchison Street Elementary School
Public,•K-6•1.7mi
6/10
Multnomah Street Elementary School
Public,•K-5•1.7mi
4/10
Huntington Drive Elementary School
Public,•K-6•2.0mi
5/10
Florence Nightingale Middle School
Public,•6-8•1.2mi
5/10
Glen Alta Elementary School
Public,•K-8•1.6mi
6/10
Hollenbeck Middle School
Public,•6-8•2.4mi
5/10
El Sereno Middle School
Public,•6-8•2.6mi
5/10
Abraham Lincoln Senior High School
Public,•9-12•1.1mi
4/10
Woodrow Wilson Senior High School
Public,•9-12•2.1mi
3/10
Theodore Roosevelt Senior High
Public,•9-12•2.2mi
5/10
STEM Academy of Boyle Heights HS
Public,•9-12•2.4mi
Condition Rating
Tear down
The property was built in 1908, making it over 100 years old. The listing explicitly states that the two vacant structures on the lot are 'ready for demolition.' The provided images clearly show dilapidated, boarded-up buildings, confirming they are unlivable and beyond repair. The value of this property is solely in the land and its development potential, aligning perfectly with the 'tear-down' criteria.
Pros & Cons
Pros
Prime Development Opportunity: Designated as a 'Prime TOC Development Opportunity' with excellent potential for multi-unit housing development, leveraging its Transit Oriented Community (TOC) status.
Strategic Location & Connectivity: Located near Downtown LA, Chinatown, Dodger Stadium, and LA State Historic Park, with easy access to major freeways (5 & 110), Metro transit, and the LA River Revitalization Corridor.
Assemblage Potential: The rare opportunity to acquire an adjacent corner property (1771 Albion St) to assemble a combined total of approximately 15,850 sq.ft. of land, significantly enhancing development scope.
Substantial Lot Size: A generous 9,069 sq.ft. lot (or 15,850 sq.ft. with assemblage) provides ample space for a significant multi-unit housing project.
Infill Opportunity in Evolving Neighborhood: Identified as a rare infill development opportunity in a rapidly evolving and well-connected Los Angeles neighborhood, indicating strong future growth potential.
Cons
Demolition Requirement: The property includes two vacant structures explicitly stated as 'ready for demolition,' which will incur additional costs and time for removal before new construction can commence.
Development Feasibility Uncertainty: The listing explicitly states 'buyer to verify allowable uses with the City of Los Angeles,' placing the burden of due diligence on the buyer and introducing potential risks or delays in confirming multi-unit housing development plans.
High Entry Cost for Redevelopment: With a list price of $1.35 million for a site requiring complete redevelopment (demolition and new construction), the initial capital outlay is substantial, potentially narrowing the buyer pool to experienced developers.