$3,600,000
 $19,326 est/mo Sourced by Back At You

351 Patton Street , Los Angeles, CA 90026

Los Angeles, CA 90026

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Description

Nestled in Los Angeles City and in the vibrant community of Echo Park, we are pleased to present 351 and 359 Patton St (APN 5160-004-016 & -017)-an exceptional opportunity for investors or developers seeking a prime development location. Patton’s contiguous double lot boasts a combined lot size of 11,643 square feet with R4 base density, offering ample space and flexibility for various development programs such as ED1 (executive directive 1, TOC (transit-oriented communities), DB Density (density bonus), or build by rights! Future developers can utilize the lot area totaling 12,043 SF when accounting for one half of the alley. With a generous by right height allowance of 75’ and DB/TOC of 86’, developers may choose to max out Patton’s potential with ED1’s streamlined ministerial approval process and build affordable housing on this nearly flat lot. Take advantage of favorable site conditions such as transformers/poles located across the street, paved alley, and numerous new multifamily developments in its immediate vicinity. With rising costs of construction and hard costs, a great way to hedge is to purchase an optimal site with limited shoring and excavating required. 351-359 Patton is also clear of any oil wells, environmental roadblocks, and tenant relocations conditions. AB 2097 also offers developers the chance to limit or eliminate parking requirements. Inquire today about how to make Echo Park a safe and thriving community!

Details

Listing IDTR24091934
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site182
Listing Provided ByA + Realty & Mortgage 626-855-2530 | Vincent Truong

Features

ZoningLACW
Acreage0.27
Property ViewYes

Market Activity 90026

MLS Internet Data Exchange (IDX) information is provided exclusively 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, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

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Learn More About This Property

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90026
AreaC21 Silver Lake Echo Park
Listing VS Median (in 90026)
Price:
$3,600,000
low | high
Med:
$1,000,000
100% of Average
On Site:
182
low | high
Med:
83.000000
100% of Average
Sourced by Back At You
Listing Updated: October 18, 2024 at 11:36:24 AM PDT
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