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This land (and the triplex next to it, owned by the same seller but listed separately) are in the HEART of Echo Park. A stone’s throw from Echo Park Lake which ever since it’s $64mill dollar renovation in 2013, has become the epicenter of this community, thriving with activity and is one of the must Instagram spots of Los Angeles. Smack dab between Hollywood and Downtown Los Angeles, Echo Park is a haven for those in tech, media, marketing, entertainment and beyond. There is so much demand for housing in this area! The seller would prefer to sell this land, along with the triplex next to it (which has its own, separate listing) to the same buyer if possible. With the zoning that the parcels have, it’s possible to potentially build 8 market rate units, not counting any potential ADUs, or up to 13 units in a TOC Tier 2 and/or Density Bonus Project. The base FAR is 3.0 and the TOC Tier 2 FAR is 4.35. Any potential project needs to be vetted with the HPOZ board and the city Planning Dept. Buyer to verify all.

Property Details

Price:
$1,200,000
MLS #:
OC20103001
Status:
Active
Address:
816 Laguna Avenue 5404022016
Type:
Land
City:
Echo Park
Listed Date:
May 29, 2020
State:
CA
Lot Size:
16,307 sqft / 0.37 acres (approx)
Year Built:
0

Schools

Interior

Exterior

Community Features
Lake, Park, Urban
Lot Features
Up Slope from Street
Sewer
Public Sewer
View
City Lights, Lake
Water Source
Public

Financial

Association Fee
0.00
Utilities
Electricity Connected, Sewer Connected, Water Connected

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816 Laguna Avenue 5404022016
Echo Park, CA

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