1204 Lilac Pl - Residential LAND FOR SALE


Los Angeles, CA 90026- Echo Park14,231 SF
$1,500,000 USD
424-600-7633
1204 Lilac Pl, Los Angeles, CA for Sale
$1,500,000 USD
Residential LAND - FOR SALE
1/11
14,231 SF

1204 Lilac Pl
Los Angeles, CA 90026
Echo Park


HIGHLIGHTS

  • 14,230 SF of RD2-1VL • Build 7 Units by Right or More with Density Bonus
  • Steps to Dodger Stadium, Just Off Vin Scully Ave.
  • Corner Lot with Potential for Great Views
  • Just off Sunset Blvd. near the Epicenter of Echo Park -- Walk to Dining & Nightlife
  • Elysian Park's 600 Acres a Hop & a Skip Away
  • Easy Access to the 101 and 110 Freeways

OVERVIEW

With a $500,000 Price Reduction, PartnersCRE and the Sean Galligan Group x MSPP are proud to present an undeveloped lot in the Echo Park hills, right at the entrance to Dodger Stadium and very close to the scenic retreat that is Elysian Park! Steps to Vin Scully Ave. and the main entrance to the Stadium, Lilac Place still provides an escape from the madness of game nights with quick access to Sunset Blvd. for those not attending. And Echo Park! The property is half way between the edge of Downtown LA and the center of Echo Park, ready to attract a bidding war from prospective tenants! This whole Offering Memorandum could be about everything that Echo Park has to offer, from restaurants, to nightlife (including concert venues), to coffee shops, to Echo Park Lake, to Elysian Park…to Dodger Stadium…or take a short stroll to the Metro A line, to Union Station with Metrolink and Amtrak, or the Flyaway to LAX (or the soon-to-open connection from Metro directly to LAX). Very easy access to the 101 and 110 freeways. And now the land: Undisturbed for a long time, it is ready for a new beginning! Build by Right and head right into Plan Check with seven spacious units spread out on the 14,230 SF RD2-1VL lot, or maximize the use of the land by leveraging Density Bonuses, knowing that the property benefits from TOIA 1, CT-2, TOC Tier 1, being within a High Quality Transit Corridor, and No RSO! The property has a slight slope and features a Live Oak Tree in the middle, but there are simple and reasonable ways to mitigate that, or if going the lower-density way, the beautiful tree could be the centerpiece of a future multi-residential complex and as much a part of the everyday life as it could be a part of the design, and what could make this land feel like a real cluster of homes. Listing includes two APNs: 5406-014-033 and 5406-014-034.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/ACRE

$4,591,705/AC

PRICE/SF

$105 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Build 7+ Units at Dodger's Stadium Entrance

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family

LAND ACRES

0.33 AC

LAND SF

14,230 SF

OFFSITE IMPROVEMENTS

-

ZONING

RD2-1VL

APN/PARCEL ID

5406-014-033,5406-014-034

ASK ABOUT THIS PROPERTY

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

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Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.