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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$1,675,000

Est. payment - /mo

7,910 Sqft Lot

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26836221

HOA Y/N No

Lot Size 7,910 Sqft

Property Description

We are proud to present a rare and highly flexible luxury residential development opportunity located in the heart of the Silver Lake / Echo Park corridor. The property consists of three contiguous subdivided parcels with assignable permits already in hand for the construction of three large four-story luxury single family residences, each thoughtfully designed to capture spectacular hillside and downtown skyline views.After an extensive multi-year entitlement and permitting process, the seller has secured fully assignable permits for all three homes, representing a tremendous value-add to a future developer by potentially saving multiple six figures in soft costs, consultant fees, carrying costs, entitlement expenses, and years of development time and risk. Each residence has also been designed with the potential for lower-level ADU conversion, creating the opportunity for a total of six residential units across the three parcels. This provides a buyer with multiple highly attractive exit strategies including building and selling three luxury single family homes individually, creating duplex-style resale configurations with ADUs, constructing a long-term luxury rental portfolio, or selling a portion of the project while retaining one or more parcels for future appreciation and cash flow. Located just moments from Echo Park Lake, Sunset Junction, Silver Lake's renowned dining and retail corridor, and Downtown Los Angeles, the property sits in one of the city's most vibrant and culturally influential hillside neighborhoods. Future residents will enjoy close proximity to some of Los Angeles' hottest restaurants, boutique retail destinations, nightlife venues, cafes, hiking trails, and creative hubs, all while benefiting from spectacular hillside positioning and convenient central access to DTLA, Hollywood, and the Westside. This is an exceptionally rare opportunity to acquire three contiguous permit-ready luxury development parcels in one of Los Angeles' most supply-constrained and trend-setting residential markets.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LARD2

Interior

Fireplace No

Exterior

View Y/N Yes

View Hills

Building

Lot Description Corners Marked

New Construction No

Others

Senior Community No

Tax ID 5424023009

Special Listing Condition Standard

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Listed by Oron Maher Maher Commercial Realty #01299093

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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1311 Waterloo ST Los Angeles, CA 90026

Patricia Beattie

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

Get More Information