Douglas Street, Los Angeles, CA 90026
- $950,000
- List Price
- $950,000
- Status
- ACTIVE
- MLS#
- OC26174782
- Lot Size
- 5,714
- Acres
- 0.13
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 1
- Property Type
- Land
Property Description
Elite Multi-Family Development Opportunity in Echo Park – Potentially up to 23 Units! Attention builders and investors! Secure a premier multi-family development site in one of Los Angeles’ most competitive and high-demand submarkets. Also known as 314-316 Douglas St and just off the corner of Douglas St and Court St with 5 separate parcels with their own APN numbers, this 5,714-square-foot vacant parcel features rare, high-density LACW zoning within the coveted Central City West Specific Plan area. Skip standard residential limitations and maximize your ROI with a potential use case to build up to 23 total multi-family units or execute a highly profitable 5-home Small Lot Ordinance (SLO) development.The location offers an unbeatable lifestyle draw for future tenants or buyers. Situated just blocks away from the iconic Echo Park Lake and the vibrant dining, nightlife, and retail strip along Sunset Boulevard. Commuting is effortless with immediate access to the 101 Freeway, Downtown Los Angeles (DTLA), and neighboring Silver Lake. Do not miss this rare chance to construct a landmark income property or modern townhome community in a robust, appreciating rental market. Buyer to verify with their own due diligence all build capacities, specific plan restrictions, zoning, and utility connections.
Additional Information
- View
- Neighborhood
- Water
- Public
- Attached Structure
- Detached
Listing courtesy of Listing Agent: Todd Frelinger (todd@primeequityproperties.com) from Listing Office: Prime Equity Properties, Inc..
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.