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- LoopNet Team
1762 Glendale Blvd
Los Angeles, CA 90026
3 VACANT BUNGALOW UNITS + ADU POTENTIAL · Land For Sale
·
7,492.00 AC
PROPERTY FACTS
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 7,492.00 AC |
| Zoning | LAC2 - LAC2 and ED-1 with Unlimited Density | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 7,492.00 AC |
| Zoning | LAC2 - LAC2 and ED-1 with Unlimited Density |
DESCRIPTION
Opportunity knocks for investors or developers - 3 detached 1 BD, 1 BA Bungalows delivered VACANT on large LAC2 zoned lot where Silver Lake and Echo Park merge. With incredible development potential for adding units or a large condo/apartment building, the existing 3 bungalow fixer homes allow for additional income (projected at $6,300 per month) until permits are ready. Each home needs TLC and includes space for private yards and patio space along with gated parking. Alley access behind property provides further development benefits. The rapidly building area is experiencing high rents and a shortage of housing minutes to downtown. Sold "As-is" with no credits for repairs. Rare opportunity.
