626 Lookout Dr - Residential LAND FOR SALE


Los Angeles, CA 90012- Echo Park28,314 SF
$2,200,000 USD
310-344-7741
626 Lookout Dr, Los Angeles, CA for Sale
$2,200,000 USD
Residential LAND - FOR SALE
1/21
28,314 SF

626 Lookout Dr
Los Angeles, CA 90012
Echo Park


HIGHLIGHTS

  • Development Opportunity in Prime Echo Park
  • Maximize Development Potential
  • Long-Term Appreciation
  • Elevated Views
  • Assemblage Opportunity

OVERVIEW

Maxwell Forester and John Katnik are pleased to present Lookout Drive, a prime multifamily development opportunity ideally situated in the highly desirable Echo Park neighborhood. This offering presents a rare opportunity to acquire a well-located development site in one of Los Angeles’ most sought-after rental markets. The 28,314 square-foot four parcel assemblage is zoned [LN1-MU2-5][RG1-FA][CPIO-O], allowing for multiple development strategies and providing investors with significant flexibility to capitalize on the site’s potential. Positioned just south of Dodger Stadium, the property benefits from close proximity to Chinatown, Downtown Los Angeles, major transit stops, and a wide range of retail, dining, and entertainment amenities. The site also enjoys elevated views overlooking Downtown Los Angeles and the 110 Freeway corridor, further enhancing its appeal and visibility. With limited development opportunities remaining in this dynamic submarket, Lookout Drive offers investors the chance to develop new multifamily housing in an area characterized by strong tenant demand, constrained supply, and compelling long-term appreciation potential.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/ACRE

$3,384,615/AC

PRICE/SF

$78 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

4 Parcels Near Dodger Stadium!

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Senior, Apartment Units - Subsdzd, Open Space, Schools, Single Family Development, Trailer/Camper Park, Single Family Residence

LAND ACRES

0.65 AC

LAND SF

28,314 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

5415-016-010,5415-016-025,5415-016-026,5415-016-027

ASK ABOUT THIS PROPERTY

Maxwell ForesterBRC Advisors - BH, Inc.More Info
310-344-7741

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Maxwell ForesterBRC Advisors - BH, Inc.More Info
310-344-7741

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