REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 3,575,000
Est. payment | /mo
0.28 Acres Lot
$ 3,575,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26650287
Lot Size 0.276 Acres
Acres 0.1379
Property Description
The offering consists of an entitled 95-unit ED1 project of income-restricted housing on a 12,011 (.276ac) double-lot. The seller will deliver the project RTI (ready to issue) permits upon the close of escrow. Zoned LAR3-1VL, the project was granted six incentives/waivers including no maximum density. increased FAR, and decreased setbacks/open space as a result of the project's ED1 status. The project contemplates no subterranean parking, is 6 stories in height and offers a unit mix of studios and 1-bedrooms. Twenty at-grade parking spaces will be available to tenants along with 74 bicycle spaces and a roof deck lounge. Echo Park has witnessed significant multifamily development in recent years, driven by its increasing desirability and proximity to employment centers. The multifamily vacancy rate remained relatively low at around 5.4% in late 2024, pointing to consistent demand for rental units in this attractive and well-located neighborhood near major employment centers. Silver Lake is a key neighboring market to Echo Park, sharing a similar trajectory of artistic history, resulting in a strong and competitive multifamily market with high rental demand and increasing property values. Silver Lake is consistently one of the most desirable neighborhoods in Los Angeles, leading to very high demand for rental housing and correspondingly high rental rates. As of February 2025, average rents for apartments in Silver Lake were generally comparable to those in Echo Park, often exceeding $3,000 for a one-bedroom unit.
Location
State CA
County Los Angeles
Area Silver Lake - Echo Park
Zoning LAR3
Exterior
View Y/N No
View None
Others
Special Listing Condition Standard
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.
The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.
Listed by CB Richard Ellis, Inc.
Nearby Locations
Chakits Krulsawat
Buyer and Sales Specialist | RE. Lic# S.0168764
+1(702) 319-1092 | chakits.k@gmail.com