331 Firmin St, Los Angeles, CA 90026
0.17 Acres of Commercial Land Offered at $1,200,000 USD in Los Angeles, CA 90026
For Sale
Active
9 pictures
- Date Added:
- September 16, 2024
- Days on Market:
- 22 days
Asking Price $1,200,000
- Property Type
-
Land
- Square Feet
- 7,405 SF
Listing Contacts
Casey Lins
Property Overview
We are pleased to present a 100% vacant land development opportunity located just South of Echo Park! Totaling +/-7,457sf of LACW zoned land with base R4 density and Tier 2 TOC, there's potential for a developer to execute on either a market rate or affordable housing development. As a market rate development utilizing the R4 base density and applying Tier 2 TOC bonuses, there's potential for a 31-unit market rate development. As a 100% affordable ED1 development, there's potential for a 30-35 unit development with no parking requirements with an affordable stick on grade type construction.With its close proximity to Echo Park, Dodger Stadium, Chinatown, and Downtown Los Angeles, the property is well positioned for a developer seeking a well-located property with high rental demands. Ownership has completed a Geophysical Survey Report and massing study for a market rate development, both of which can be made available upon request. Please note, there is a +/-5-6' access easement that runs along the Southern portion of the property. Buyer shall complete their own due diligence to determine the development potential. For more information please contact the listing broker.
Property Details
- Property Subtype
- Commercial
Highlights
- Vacant Land
- LAR4 Base Density
- Close Proximity to DTLA, Echo Park, and Hollywood
All available spaces
- Space
- Lot 1
- Size
- 7,405 SF
- Price
- $1,200,000
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