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$4,250,000

Est. payment - /mo

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0.36 Acres Lot

Active

2227 Valley ST Los Angeles, CA 90057

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Chris Mardelli

chris@therealupside.com +1(310) 571-5761

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25516145

HOA Y/N No

Lot Size 0.362 Acres

Property Description

We are pleased to present a rare 100% vacant land development opportunity located in the Westlake neighborhood of Los Angeles. Totaling 15,760 of LAR3 Tier 1 TOC zoned land, a new owner has the ability to capitalize on various exit strategies that include the following: 1) Letter of Determination from Planning and Housing Approval for a 65-unit, 100% affordable, 4-story, 41,272 SF building, 2) Potential to redesign the plans for a 140+ unit ED1 affordable housing development, or 3)Utilize SB684 for 10 small lot homes! This development site is strategically located in close proximity to the 101, 110 and 10 freeways providing easy access to downtown Los Angeles as well as neighboring submarkets such as Koreatown, MacArthur Park, East Hollywood, Silver Lake, Echo Park Chinatown and Pico Union. Contact the listing broker for additional information.

Location

State CA

County Los Angeles

Area C42 - Downtown L.A.

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N Yes

View City Lights

Building

New Construction No

Others

Senior Community No

Tax ID 5154011021

Special Listing Condition Standard

Listed by Casey Lins Kidder Mathews of California, Inc.

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