Property Detail

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.