Vincent Truong
This listing was posted on RealtyWW.
$3,600,000
Plot For Sale In Los Angeles, California
Price:
$3,600,000
Location:
351 Patton St, Los Angeles, CA
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 and -017)-an exceptional opportunity for investors or developers seeking a prime development location. Pattons 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 Pattons potential with ED1s 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!For more details: https://realtyww.info/land-lots_los-angeles-d523223/for-sale_i71626220
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More About this Listing: Plot For Sale In Los Angeles, California
Plot For Sale In Los Angeles, California is a Land for Sale at 351 Patton St in Los Angeles CA. Find other listings like Plot For Sale In Los Angeles, California and listings near 351 Patton St by searching Oodle Classifieds for Land for Sale in Los Angeles CA.
Plot For Sale In Los Angeles, California is a Land for Sale at 351 Patton St in Los Angeles CA. Find other listings like Plot For Sale In Los Angeles, California and listings near 351 Patton St by searching Oodle Classifieds for Land for Sale in Los Angeles CA.