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- LoopNet Team
816 Laguna Ave
Los Angeles, CA 90026
Land For Sale
·
0.37 AC
INVESTMENT HIGHLIGHTS
- ±16,308 Sf of Vacant Land for a Potential 8-To-13 Unit Residential Development Project
PROPERTY FACTS
| Property Type | Land | Proposed Use | Single Family Development |
| Property Subtype | Residential | Total Lot Size | 0.37 AC |
| Zoning | RD2-1VL-HPOZ | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Single Family Development |
| Total Lot Size | 0.37 AC |
| Zoning | RD2-1VL-HPOZ |
DESCRIPTION
Potential to build 8-to-13 units (8 units potentially by-right, or up to 13 using TOC Tier 2/Density Bonus). Or, since this is two, separate parcels, build a custom/high-end home on each parcel. This land has been owned by the seller for 30+ years and is finally available for you to build a project that is a stone’s throw from the extremely popular Echo Park Lake. Said destination is one of the most Instagrammed/photographed landmarks in Southern California and went under a $64 million dollar renovation in 2013. Smack dab between Hollywood and Downtown Los Angeles, Echo Park is a haven for those in tech, media, marketing, entertainment and beyond. There is tremendous demand for housing in this area. The subject site due to its hillside nature, will have nice views of the hillside community, city lights, etc. This site is also located within the Angelino Heights HPOZ and thus any proposed development will need to be vetted with that body, along with the regular city departments.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $520,200 | Total Assessment | $520,200 |
PROPERTY TAXES
