See all 9 photos
9 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$885,000
Est. payment /mo
7,418 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26104575
HOA Y/N No
Lot Size 7,418 Sqft
Property Description
We are pleased to present a 100% vacant land development opportunity located just South of Echo Park! Totaling 7,457 SFof LACW zoned land with base R4 density and Tier 2 TOC, there's potential for a developer to execute on either a market rate or affordable housing development. As a market rate development utilizing the R4 base density and applying Tier 2 TOC bonuses, there's potential for a 31-unit market rate development. As a 100% affordable ED1 development, there's potential for a 30-35 unit development with no parking requirements with an affordable stick-on grade type construction. With its close proximity to Echo Park, Dodger Stadium, Chinatown, and Downtown Los Angeles, the property is well positioned for a developer seeking a well-located property with high rental demands. Ownership has completed a Geophysical Survey Report and massing study for a market rate development, both of which can be made available upon request. Please note, there is a 5-6' access easement that runs along the Southern portion of the property. Ask Broker for additional details. Buyer shall complete their own due diligence to determine the development potential.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LACW
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
New Construction No
Others
Senior Community No
Tax ID 5160021017
Special Listing Condition Standard
Read Less Info
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650
Nearby Locations
GET MORE INFORMATION
Have a question? Send us a message and we'll get back to you shortly.