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Listed by Christina Wong, DRE #01721204 • Newco Realty
$ 1,680,000
Est. payment | /mo
0.42 Acres Lot
$ 1,680,000
Est. payment | /mo
0.42 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRTR26161125
Lot Size 0.419 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Exceptional Multifamily Development Opportunity to acquire a 16,723 SF development site in the highly sought-after Angelino Heights Historic Preservation Overlay Zone (HPOZ), a historic neighborhood within the vibrant Echo Park community. Zoned R3-1VL and eligible for Tier 3 Transit-Oriented Communities (TOC) incentives, this property offers outstanding development potential with the opportunity to take advantage of increased residential density, higher floor area ratios (FAR), and reduced parking requirements, subject to city approval. The irregular hillside parcel measures approximately 38.21' x 175.97' x 62.70' x 110.57' x 154.50' (see site map), creating opportunities for innovative architectural and site design that maximize views and project value. Strategically located just north of the 101 and 110 Freeways, with convenient access to the 5 Freeway, the property offers excellent visibility and connectivity. It is only minutes from Dodger Stadium and approximately one mile from the Metro A (Gold), B (Red), and D (Purple) Rail Lines, with multiple Metro bus routes along Sunset Boulevard just steps away. Residents will enjoy convenient access to Downtown Los Angeles, Chinatown, Westlake, Koreatown, Silver Lake, and other major employment and entertainment centers. With stron
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LX
Exterior
View City Lights
Building
Water District - Public
Others
Tax ID 5406015032
Special Listing Condition Not Applicable
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