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- LoopNet Team
332 N Patton St
Los Angeles, CA 90026
32 Unit RTI Development Site · Land For Sale
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0.26 AC
Property Facts
| Property Type | Land | Proposed Use | Multifamily |
| Property Subtype | Residential | Total Lot Size | 0.26 AC |
| Zoning | R4 (CW)-75/3 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.26 AC |
| Zoning | R4 (CW)-75/3 |
Description
11,200 SF Lot with alley in rapidly developing area of South Echo Park with easy access to 101 freeway. The views will be tremendous from this property. Located in tier 1 Transit Oriented Community (TOC) allows the development of up to 45 units, NOT SUBJECT TO RENT CONTROL. Prior to TOC being implemented citywide, the current owner received a letter of determination for the develop of 36 units. Reports, surveys, and a substantial amount of constriction docs are available. The property is currently vacant and the neighbor is developing 42 units. There are NO oil wells on property.
Property Taxes
| Parcel Number | 5160-009-028 | Improvements Assessment | $11,964,600 |
| Land Assessment | $2,077,925 | Total Assessment | $14,042,525 |
Property Taxes
