$950,000
Est. payment /mo
5,714 Sqft Lot
New
0 Douglas Los Angeles, CA 90026
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26174782
Lot Size 5,714 Sqft
Property Sub-Type Lots/Land
Property Description
Elite Multi-Family Development Opportunity in Echo Park Potentially up to 23 Units! Attention builders and investors! Secure a premier multi-family development site in one of Los Angeles most competitive and high-demand submarkets. Also known as 314-316 Douglas St and just off the corner of Douglas St and Court St with 5 separate parcels with their own APN numbers, this 5,714-square-foot vacant parcel features rare, high-density LACW zoning within the coveted Central City West Specific Plan area. Skip standard residential limitations and maximize your ROI with a potential use case to build up to 23 total multi-family units or execute a highly profitable 5-home Small Lot Ordinance (SLO) development.The location offers an unbeatable lifestyle draw for future tenants or buyers. Situated just blocks away from the iconic Echo Park Lake and the vibrant dining, nightlife, and retail strip along Sunset Boulevard. Commuting is effortless with immediate access to the 101 Freeway, Downtown Los Angeles (DTLA), and neighboring Silver Lake. Do not miss this rare chance to construct a landmark income property or modern townhome community in a robust, appreciating rental market. Buyer to verify with their own due diligence all build capacities, specific plan restrictions, zoning, and utility connections.
Location
State CA
County Los Angeles
Direction From S Beaudry Ave, left on W 2nd St, right on Toluca St, left on Douglas St
Interior
Fireplace No
Exterior
View Y/N No
Present Use Unimproved
Others
Senior Community No
Tax ID 5160007035
Listed by Todd Frelinger, DRE#01748434 Prime Equity Properties, Inc.
NEARBY SCHOOL & BUSINESS
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