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202 Belmont Ave
Los Angeles, CA 90026
Land For Sale
·
0.14 AC
Investment Highlights
- Solid South Echo Park Location
- Opportunity to Utilize CHIP's Mixed Income Incentive Program
- Potential for up to Seven (7) Units Through CHIP's 60% Density Increase - One (1) Unit Designated Affordable
- Blank Canvas - Multiple Strategies to Maximize Value
- Base Density of Three (3) Units
- Extensive Preliminary Site Investigation and Development Work has been Completed
Executive Summary
Marcus and Millichap is pleased to present a 5,930 SF vacant lot located at 202 Belmont Ave in Los Angeles, California. The subject property is located in a solid South Echo Park location, just north of Beverly Blvd and east of Alvarado St.
Positioned on a 5,930-square-foot vacant corner lot in South Echo Park, the property presents a flexible development opportunity with multiple strategies to maximize value. The site offers a base density of three units and may support up to seven units through CHIP’s Mixed Income Incentive Program, including one designated affordable unit. Located within a Tier 1 Transit Oriented Incentive Area, the property benefits from approximately 17,790 square feet of allowable base floor area, no minimum automobile parking requirement, and a potential height increase to approximately 56 feet. The location provides immediate access to the 101 and 110 freeways, Metro B Line, major commercial corridors, parks, dining, shopping, and Downtown Los Angeles.
Offered at a low basis in a solid South Echo Park location, the property has flexible development potential on a corner lot.
For OM, please visit: https://www.lamultifamilydeals.com/active-listings/202-belmont-ave
Positioned on a 5,930-square-foot vacant corner lot in South Echo Park, the property presents a flexible development opportunity with multiple strategies to maximize value. The site offers a base density of three units and may support up to seven units through CHIP’s Mixed Income Incentive Program, including one designated affordable unit. Located within a Tier 1 Transit Oriented Incentive Area, the property benefits from approximately 17,790 square feet of allowable base floor area, no minimum automobile parking requirement, and a potential height increase to approximately 56 feet. The location provides immediate access to the 101 and 110 freeways, Metro B Line, major commercial corridors, parks, dining, shopping, and Downtown Los Angeles.
Offered at a low basis in a solid South Echo Park location, the property has flexible development potential on a corner lot.
For OM, please visit: https://www.lamultifamilydeals.com/active-listings/202-belmont-ave
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | |
| Property Type | Land | Total Lot Size | 0.14 AC |
| Zoning | LARD1.5 - Restricted Density Multiple | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.14 AC |
| Zoning | LARD1.5 - Restricted Density Multiple |
1 Lot Available
Lot
| Price | $625,000 | Lot Size | 0.14 AC |
| Price Per AC | $4,591,064.69 |
| Price | $625,000 |
| Price Per AC | $4,591,064.69 |
| Lot Size | 0.14 AC |
Property Taxes
| Parcel Number | 5159-018-001 | Improvements Assessment | $0 |
| Land Assessment | $241,491 | Total Assessment | $241,491 |
Property Taxes
Parcel Number
5159-018-001
Land Assessment
$241,491
Improvements Assessment
$0
Total Assessment
$241,491
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