PRICE REDUCTION (NEW PRICE: $3,425,000) 1614 W Temple Street is an opportunity to redevelop much needed housing in an area where multifamily housing prospers. The Temple Street corridor has seen several market rate projects of this size in the past, so this opportunity is far from pioneering. Should a developer choose the affordable housing (ED 1) route, they will benefit from the ability to build significantly more units. 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.