734-40 Echo Park Ave - 734-40 Echo Park Ave 0.42 Acres of Residential Land Offered at $1,500,000 in Los Angeles, CA 90026

Marcus and Millichap is pleased to present an 18,364 SF vacant lot located at 734-740 Echo Park Avenue in Los Angeles, California. It is located in a prime Echo Park location, south of Sunset Boulevard and east of Alvarado Street.
Located in the heart of Echo Park, this prime development opportunity spans a large 18,364 SF double lot across two separate APNs and is attractively priced at just $81 per total land square foot. Zoned RD2-1VL-HPOZ and benefiting from TOC Tier 1 incentives, the property offers the potential to develop up to 14 units utilizing the State density bonus. The vacant lot boasts breathtaking views of Echo Park Lake and is surrounded by some of Los Angeles’ most dynamic commercial corridors, including Sunset Boulevard, Glendale Boulevard, Temple Street, Alvarado Street, and Beverly Boulevard. Just steps from Sunset Boulevard, the site offers effortless access to popular local destinations such as Stereoscope Coffee, The Douglas Bar, Lia’s Tacos, Cantiq Clothing Store, and Reverie Bookstand.
Overall, this rare offering combines an expansive 18,364 SF double lot with two separate APNs and an exceptional entry price of just $81 per land square foot, creating a highly compelling market rate or mixed income development opportunity in the heart of Echo Park.
*PLEASE NOTE: Property is being sold together with 740 Echo Park Ave, Los Angeles, CA 90026, APN: 5404-022-008