Exceptional Multifamily Development Opportunity to acquire a 16,723 SF development site in the highly sought-after Angelino Heights Historic Preservation Overlay Zone (HPOZ), a historic neighborhood within the vibrant Echo Park community. Zoned R3-1VL and eligible for Tier 3 Transit-Oriented Communities (TOC) incentives, this property offers outstanding development potential with the opportunity to take advantage of increased residential density, higher floor area ratios (FAR), and reduced parking requirements, subject to city approval. The irregular hillside parcel measures approximately 38.21' x 175.97' x 62.70' x 110.57' x 154.50' (see site map), creating opportunities for innovative architectural and site design that maximize views and project value. Strategically located just north of the 101 and 110 Freeways, with convenient access to the 5 Freeway, the property offers excellent visibility and connectivity. It is only minutes from Dodger Stadium and approximately one mile from the Metro A (Gold), B (Red), and D (Purple) Rail Lines, with multiple Metro bus routes along Sunset Boulevard just steps away. Residents will enjoy convenient access to Downtown Los Angeles, Chinatown, Westlake, Koreatown, Silver Lake, and other major employment and entertainment centers. With strong rental demand, limited housing inventory, and exceptional transit access, this site presents an outstanding opportunity to develop a premier apartment community, affordable or mixed-income housing project, or other multifamily investment in one of Los Angeles' most desirable urban neighborhoods. Buyer is advised to independently verify zoning, development standards, HPOZ requirements, hillside regulations, TOC eligibility, and all applicable incentives and approvals with the City of Los Angeles.
Lot Size
18,231 sqft
Days on Market
0
HOA Fee
N/A
MLS #
TR26161125
Water Source
Public
Urban
$0
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Balanced market
Avg. time on market
This is a Balanced Market. Homes are selling at a moderate pace.
Flood Risk
Minimal — not in a FEMA flood zone
Wildfire Risk
Moderate — near wildland-urban interface
Heat Risk
Low — moderate summer temperatures
Earthquake Risk
Southern California seismic zone
Based on price, location, and features