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$950,000
Est. payment /mo
5,715 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26174782
HOA Y/N No
Lot Size 5,715 Sqft
Property Description
Elite Multi-Family Development Opportunity in Echo Park – Potentially up to 23 Units! Attention builders and investors! Secure a premier multi-family development site in one of Los Angeles' most competitive and high-demand submarkets. Also known as 314-316 Douglas St and just off the corner of Douglas St and Court St with 5 separate parcels with their own APN numbers, this 5,714-square-foot vacant parcel features rare, high-density LACW zoning within the coveted Central City West Specific Plan area. Skip standard residential limitations and maximize your ROI with a potential use case to build up to 23 total multi-family units or execute a highly profitable 5-home Small Lot Ordinance (SLO) development.The location offers an unbeatable lifestyle draw for future tenants or buyers. Situated just blocks away from the iconic Echo Park Lake and the vibrant dining, nightlife, and retail strip along Sunset Boulevard. Commuting is effortless with immediate access to the 101 Freeway, Downtown Los Angeles (DTLA), and neighboring Silver Lake. Do not miss this rare chance to construct a landmark income property or modern townhome community in a robust, appreciating rental market. Buyer to verify with their own due diligence all build capacities, specific plan restrictions, zoning, and utility connections.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LACW
Interior
Fireplace No
Exterior
Community Features Biking, Hiking, Lake, Park
View Y/N Yes
View Neighborhood
Present Use Unimproved
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 5160007035
Acceptable Financing Court Approval
Listing Terms Court Approval
Special Listing Condition Bankruptcy Property
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Listed by Todd Frelinger Prime Equity Properties, Inc. 949-416-9856, DRE #01748434
NEARBY SCHOOL & BUSINESS
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