$ 695,000
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$695,000
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0
Bed -
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About the Listing CLW-X7598701 - CLW-C126895
Exceptional Tier 1 TOC development opportunity in the heart of Echo Park. Zoned CM/CR, this 5,863 SF site offers the ability to capitalize on Transit Oriented Communities incentives and deliver a high-yield multifamily project along a highly active corridor. Tier 1 TOC designation allows for increased density, with the potential to develop up to approximately 20 units (buyer to verify). Ownership has secured a Letter of Determination for a smaller project, providing a clear path forward while preserving optionality for a larger-scale development. The property will be delivered vacant with no existing structures, eliminating demolition costs and allowing for a more efficient development timeline.Prime Echo Park location surrounded by ongoing development, creative office, and strong retail and hospitality. Minutes to Echo Park Lake and The Echo, with close proximity to Silver Lake, supporting strong rental demand and long-term growth.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Vacant Land
MLS ®
26668091
Year Built
Total Square Footage
0
Lot/Acreage
0.13
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
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- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
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Exterior Details
- Lot Description: No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LACR
- Roof:
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Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5404011026
- Tax Year: N/A
Payment Calculator
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Questions About..
616 N Alvarado St Los Angeles, CA 90026
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