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Property Description

Exceptional Tier 1 TOC development opportunity in the heart of Echo Park. Zoned CM/CR, this 5,863 SF site offers the ability to capitalize on Transit Oriented Communities incentives and deliver a high-yield multifamily project along a highly active corridor. Tier 1 TOC designation allows for increased density, with the potential to develop up to approximately 20 units (buyer to verify). Ownership has secured a Letter of Determination for a smaller project, providing a clear path forward while preserving optionality for a larger-scale development. The property will be delivered vacant with no existing structures, eliminating demolition costs and allowing for a more efficient development timeline.Prime Echo Park location surrounded by ongoing development, creative office, and strong retail and hospitality. Minutes to Echo Park Lake and The Echo, with close proximity to Silver Lake, supporting strong rental demand and long-term growth.

Overview

Property Status
For Sale
Lot Size
5,865 Sq.Ft.
MLS ID
26668091
Property Type
Land

Features & Amenities

View Description
Any
Sales Price
$695,000
Zoning
LACR

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616 N Alvarado St

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616 N Alvarado St
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616 N Alvarado St

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  • CallMicah Hiller

    License #02036690

    (310) 280-6417
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