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.
| MLS # | 26994999 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 41 |
| Listing Provided By | Trust and Estate Realty | Lala Petrosian |
| SQ Feet | 2,118 |
|---|---|
| Zoning | LARD4 |
| Acreage | 0.23 |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90039) | |
Price: $1,550,000 low | high Med: $1,037,000 sqft: 2,118 low | high Med: 1,614 $ / sqft: $732 low | high Med: $643 On site: 41 low | high Med: 102.5 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90039) | |
Price: $1,550,000 low | high Med: $1,037,000 sqft: 2,118 low | high Med: 1,614 $ / sqft: $732 low | high Med: $643 On site: 41 low | high Med: 102.5 | |