Echo Park, CA 90026,162 Douglas Street
Echo Park, CA 90026,162 Douglas Street
Echo Park, CA 90026,162 Douglas Street
Echo Park, CA 90026,162 Douglas Street
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$1,080,000

$1,250,000

13.6%
Est.Price: ?

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Est. payment /mo

9,600 Sqft Lot


SOLD DATE : 09/27/2018

Key Details

Sold Price $1,080,000

Property Type Vacant Land

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 18356850

Sold Date 09/27/18

HOA Y/N No

Lot Size 9,600 Sqft

Property Description

We are pleased to present an ideally situated double vacant lot in the Westlake submarket of Los Angeles. The property is comprised of two APN's allowing a developer the ability to create two separate projects or one larger development. APN:5160-014-012 & 013. Total land area is 9,600 square feet. Previously approved plans for a 20-residence market rate apartment development would need to be brought to current codes. The property is situated in a Transit Oriented Communities, TOC, housing incentive program. The TOC guidelines allow for a variety of density and FAR increases while only requiring one parking space per residence, regardless of the bedroom count. Lastly, ownership has also recently submitted case filing VTT-73168-SL for six small lot ordinance homes. The small lot project is pending a public hearing date.

Location

State CA

County Los Angeles

Area C21 - Silver Lake - Echo Park

Zoning LACW

Interior

Fireplace No

Exterior

View Y/N Yes

View City Lights

Building

New Construction No

Others

Senior Community No

Tax ID 5160014012

Financing Cash

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by David Melaugh • The Agency
Bought with Manish Drona • Drona Realty & Mortgages
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