3416 E 1st St, Los Angeles, CA 90063

Sold

|

$700,000

Sold

|

$700,000

% Cap Rate
|
‎ GRM
|
Closed in 45 days
Sold September 4, 2026 for $700,000. A 10,136 SF C2-1 lot in Boyle Heights, about $69 per square foot of land.
Development land parcel at 3416 E 1st St, Los Angeles, CA 90063
NEW
SOLD

property highlights

Home Logo SVG
1
Units
Money Sign SVG
$700,000
price per unit
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10,136
lot size (sq ft)
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1907
year built
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$69.06
price per sq ft
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building size (sq ft)

property highlights

3416 E 1st St | Sold

3416 E 1st St sold on September 4, 2026 for $700,000. I represented the seller.

The site is a 10,136 square foot lot zoned C2-1 inside the Boyle Heights Clean Up Green Up overlay, with a 1907 two-unit building on it and no on-site parking. The value is in the land and the zoning, not the improvements, and that is how every buyer who looked at it underwrote it.

The buyer, a local investor, priced the site on what the zoning allows and closed on September 4.

Development land in 90063 trades thin. Five sales closed in the ZIP over the last 24 months. This sale puts C2 frontage on 1st Street at about $69 a square foot of land, 0.4 miles from the Metro E Line Soto Station.

What this sale says about Boyle Heights

If you own a lot or a small building on 1st Street, Cesar Chavez, or Soto with C2, RAS, or R3 zoning, your zoning may be worth more than your building.

Own a lot nearby? I will send you this sale breakdown and what your zoning is worth.

Taylor Avakian - 916-996-4421 | Taylor@lyonstahl.com

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