1311 Waterloo St - Residential LAND FOR SALE


Los Angeles, CA 90026- Silver Lake7,910 SF
$1,675,000 USD
415-378-5464
1311 Waterloo St, Los Angeles, CA for Sale
$1,675,000 USD
Residential LAND - FOR SALE
1/13
7,910 SF

1311 Waterloo St
Los Angeles, CA 90026
Silver Lake


HIGHLIGHTS

  • Three contiguous subdivided parcels located in the heart of the Silver Lake / Echo Park corridor
  • Each planned residence has been designed with the potential for lower-level ADU conversion
  • Assignable permits already in hand for three luxury four-story single family residences with rooftop decks
  • Seller has completed an extensive multi-year entitlement and permitting process
  • Multiple exit strategies including luxury single family resale, duplex-style resale configurations, luxury rental hold strategy
  • Walking distance to the renowned Sunset Boulevard restaurant and retail corridor

OVERVIEW

Maher Commercial Realty is proud to present a rare and highly flexible luxury residential development opportunity located in the heart of the Silver Lake / Echo Park corridor. The property consists of three contiguous subdivided parcels with assignable permits already in hand for the construction of three large four-story luxury single family residences, each thoughtfully designed to capture spectacular hillside and downtown skyline views. After an extensive multi-year entitlement and permitting process, the seller has secured fully assignable permits for all three homes, representing a tremendous value-add to a future developer by potentially saving multiple six figures in soft costs, consultant fees, carrying costs, entitlement expenses, and years of development time and risk. Each residence has also been designed with the potential for lower-level ADU conversion, creating the opportunity for a total of six residential units across the three parcels. This provides a buyer with multiple highly attractive exit strategies including building and selling three luxury single family homes individually, creating duplex-style resale configurations with ADUs, constructing a long-term luxury rental portfolio, or selling a portion of the project while retaining one or more parcels for future appreciation and cash flow. Walking distance to the renowned Sunset Boulevard restaurant and retail corridor, home to some of Los Angeles’ most acclaimed dining destinations including Tsubaki, Morihiro, and Quarter Sheets, all featured on the Los Angeles Times 101 Best Restaurants list, alongside neighborhood favorites Cosa Buona, Honey Hi, Little Fish, A Tí, Bacari Silverlake, Bar Flores, Tacolina, and Guisados, plus iconic music venues The Echo and The Echoplex, beloved cafes Canyon Coffee, Cookbook Market, and Lady Byrd Cafe, and an evolving mix of boutique retail, nightlife, and creative spaces that define the Silver Lake / Echo Park lifestyle This is an exceptionally rare opportunity to acquire three contiguous permit-ready luxury development parcels in one of Los Angeles’ most supply-constrained and trend-setting residential markets.

FOR SALE DETAILS

PRICE

$1,675,000 USD

PRICE/ACRE

$9,225,295/AC

PRICE/SF

$212 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Single Family Development, Single Family Residence

LAND ACRES

0.18 AC

LAND SF

7,909 SF

OFFSITE IMPROVEMENTS

-

ZONING

LARD2

APN/PARCEL ID

5424-023-009

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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