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626 Lookout Dr - 4 Parcels Near Dodger Stadium! 0.65 Acres of Residential Land Offered at $2,200,000 in Los Angeles, CA 90012
Investment Highlights
- Development Opportunity in Prime Echo Park
- Long-Term Appreciation
- Assemblage Opportunity
- Maximize Development Potential
- Elevated Views
Executive Summary
Maxwell Forester and John Katnik are pleased to present Lookout Drive, a prime multifamily development opportunity ideally situated in the highly desirable Echo Park neighborhood.
This offering presents a rare opportunity to acquire a well-located development site in one of Los Angeles’ most sought-after rental markets. The 28,314 square-foot four parcel assemblage is zoned [LN1-MU2-5][RG1-FA][CPIO-O], allowing for multiple development strategies and providing investors with significant flexibility to capitalize on the site’s potential.
Positioned just south of Dodger Stadium, the property benefits from close proximity to Chinatown, Downtown Los Angeles, major transit stops, and a wide range of retail, dining, and entertainment amenities. The site also enjoys elevated views overlooking Downtown Los Angeles and the 110 Freeway corridor, further enhancing its appeal and visibility.
With limited development opportunities remaining in this dynamic submarket, Lookout Drive offers investors the chance to develop new multifamily housing in an area characterized by strong tenant demand, constrained supply, and compelling long-term appreciation potential.
This offering presents a rare opportunity to acquire a well-located development site in one of Los Angeles’ most sought-after rental markets. The 28,314 square-foot four parcel assemblage is zoned [LN1-MU2-5][RG1-FA][CPIO-O], allowing for multiple development strategies and providing investors with significant flexibility to capitalize on the site’s potential.
Positioned just south of Dodger Stadium, the property benefits from close proximity to Chinatown, Downtown Los Angeles, major transit stops, and a wide range of retail, dining, and entertainment amenities. The site also enjoys elevated views overlooking Downtown Los Angeles and the 110 Freeway corridor, further enhancing its appeal and visibility.
With limited development opportunities remaining in this dynamic submarket, Lookout Drive offers investors the chance to develop new multifamily housing in an area characterized by strong tenant demand, constrained supply, and compelling long-term appreciation potential.
Property Facts
1 Lot Available
Lot
| Price | $2,200,000 | Lot Size | 0.65 AC |
| Price Per AC | $3,384,615.38 |
| Price | $2,200,000 |
| Price Per AC | $3,384,615.38 |
| Lot Size | 0.65 AC |
The offering consists of four contiguous parcels (APNs 5415-016-025, 5415-016-026, 5415-016-027, 5415-016-010) and totaling approximately 28,314 square feet, creating a sizable assemblage with significant development potential.
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Moderately walkable
60/100
Exceptionally drivable
90/100
Strong public transit
80/100
Fairly bikeable
50/100
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