Property Detail

Description

We are proud to present an undeveloped lot in the Echo Park hills, right at the entrance to Dodger Stadium and very close to the scenic retreat that is Elysian Park! Steps to Vin Scully Ave. and the main entrance to the Stadium, Lilac Place still provides an escape from the madness of game nights with quick access to Sunset Blvd. for those not attending. And Echo Park! The property is half way between the edge of Downtown LA and the center of Echo Park, ready to attract a bidding war from prospective tenants! This whole Offering Memorandum could be about everything that Echo Park has to offer, from restaurants, to nightlife (including concert venues), to coffee shops, to Echo Park Lake, to Elysian Parkto Dodger Stadiumor take a short stroll to the Metro A line, to Union Station with Metrolink and Amtrak, or the Flyaway to LAX (or the soon-to-open connection from Metro directly to LAX). Very easy access to the 101 and 110 freeways. And now the land: Undisturbed for a long time, it is ready for a new beginning! Build by Right and head right into Plan Check with seven spacious units spread out on the 14,230 SF RD2-1VL lot, or maximize the use of the land by leveraging Density Bonuses, knowing that the property benefits from TOIA 1, CT-2, TOC Tier 1, being within a High Quality Transit Corridor, and No RSO! The property has a slight slope and features a Live Oak Tree in the middle, but there are simple and reasonable ways to mitigate that, or if going the lower-density way, the beautiful tree could be the centerpiece of a future multi-residential complex and as much a part of the everyday life as it could be a part of the design, and what could make this land feel like a real cluster of homes. Listing includes two APNs: 5406-014-033 and 5406-014-034. Also available across the street, presented as a separate listing, is a 10 Unit non-RSO architectural apartment building, never before offered for sale.