$1 MILLION PRICE REDUCTION (NEW PRICE: $4,500,000) 1614 W Temple Street is a full approved multifamily redevelopment site in Echo Park. The approvals include Ready to Issue (RTI) permits and a pre-demolished parcel with frontage along Temple Street. Ownership took advantage of a Transit Oriented Communities (TOC) density bonus in order to add to get to 72 total units, 7 of which will be set aside for Extremely Low Income (ELI). The location of this future redevelopment property is in the ideal multifamily rental market of Echo Park. With proximity to premiere business districts like Hollywood and Downtown Los Angeles and prime amenity driven neighborhoods like Silver Lake and Koreatown, 1614 W Temple St has everything to offer. In its more immediate location, the frontage and positioning on Temple Street provides a plethora of walkable amenities while still being close to the freeway system.