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$1,680,000
Est. payment /mo
0.42 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26161125
Lot Size 0.419 Acres
Property Sub-Type Lots/Land
Property Description
Exceptional Multifamily Development Opportunity to acquire a 16,723 SF development site in the highly sought-after Angelino Heights Historic Preservation Overlay Zone (HPOZ), a historic neighborhood within the vibrant Echo Park community. Zoned R3-1VL and eligible for Tier 3 Transit-Oriented Communities (TOC) incentives, this property offers outstanding development potential with the opportunity to take advantage of increased residential density, higher floor area ratios (FAR), and reduced parking requirements, subject to city approval. The irregular hillside parcel measures approximately 38.21' x 175.97' x 62.70' x 110.57' x 154.50' (see site map), creating opportunities for innovative architectural and site design that maximize views and project value. Strategically located just north of the 101 and 110 Freeways, with convenient access to the 5 Freeway, the property offers excellent visibility and connectivity. It is only minutes from Dodger Stadium and approximately one mile from the Metro A (Gold), B (Red), and D (Purple) Rail Lines, with multiple Metro bus routes along Sunset Boulevard just steps away. Residents will enjoy convenient access to Downtown Los Angeles, Chinatown, Westlake, Koreatown, Silver Lake, and other major employment and entertainment centers. With strong rental demand, limited housing inventory, and exceptional transit access, this site presents an outstanding opportunity to develop a premier apartment community, affordable or mixed-income housing project, or other multifamily investment in one of Los Angeles' most desirable urban neighborhoods. Buy
Location
State CA
County Los Angeles
Direction Exit Grand Ave, left on N. Grand Ave, left on W. Cesar Estrada Chavez Ave, right on Vin Scully Ave, right on Lilac Pl
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 5406015032
Acceptable Financing Cash
Listing Terms Cash
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Listed by Christina Wong, DRE#01721204 Newco Realty
NEARBY SCHOOL & BUSINESS
“If you're looking for a dedicated and knowledgeable real estate professional who will go above and beyond to help you achieve your goals, I'm here to serve you. Contact me today to learn more about how he can assist you with all your real estate needs.”
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