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$1,550,000
Est. payment /mo
10,232 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26994999
HOA Y/N No
Year Built 1922
Lot Size 10,232 Sqft
Property Description
Prime Development Opportunity: Commercial Building and Approved Plans to build 3 homes. Rare value-add and development opportunity in a prime location. The property currently features a functional commercial structure with a massive on-site parking lot. Architectural plans are fully complete and ready to pull permits for an exceptional multi-family compound: transform the existing structure into a chic residential homes, and construct two brand-new detached single-family houses on the rear lot. Whether you are a builder looking for a shovel-ready project or an investor seeking a high-yield asset with immense upside, this property offers a turnkey path to multi-unit residential ownership in a thriving submarket.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LARD4
Interior
Fireplace No
Exterior
Total Parking Spaces 18
Others
Tax ID 5422016032
Special Listing Condition Standard
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Listed by Lala Petrosian Trust and Estate Realty #01456762
Nearby Locations
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