2227 Valley St - LOD In Hand | 65-Unit Development 0.36 Acres of Residential Land Offered at $3,995,000 in Los Angeles, CA 90057

We are pleased to present a rare 100% vacant land development opportunity located in the Westlake neighborhood of Los Angeles. Totaling ±15,760 of LAR3 Tier 1 TOC zoned land, a new owner has the ability to capitalize on various exit strategies that include the following: Letter of Determination from Planning and Housing Approval for a 65-unit, 100% affordable, 4-story, 41,272 SF building! Potential to redesign the plans for a 140+ unit ED1 affordable housing development! Utilize SB684 for 10 small lot homes! This development site is strategically located in close proximity to the 101, 110 and 10 freeways providing easy access to downtown Los Angeles as well as neighboring submarkets such as Koreatown, MacArthur Park, East Hollywood, Silver Lake, Echo Park Chinatown and Pico Union. Located in one of the densest rental markets in Los Angeles, the subject property caters to hundreds of thousands of tenants in the neighborhood and is well positioned for a developer seeking a well-located property with high rental demand that is nearby significant employment opportunities. Buyer shall complete their own due diligence to determine the development potential. Contact Casey Lins at (714) 333-6768 or at casey.lins@kidder.com for additional information.