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29443374
32922672

734 Echo Park Ave, Los Angeles, CA 90026

JT
CA 01772495
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino
$1,050,000
126 days on market
Updated 9 days ago

734-740 Echo Park Ave

Details
APN 5404-022-008, 5404-022-009
Property Type Land
Sub Type Commercial
Lot Size (SqFt) 18,364
Zoning LARD2-1VL-HPOZ

Land | 18,364 SqFt

Marketing description

Marcus and Millichap is pleased to present an 18,346 SF vacant lot located at 734-740 Echo Park Avenue in Los Angeles, California. It is located in a prime Echo Park location, south of Sunset Boulevard and east of Alvarado Street.

Investment highlights

Located in the heart of Echo Park, this prime development opportunity spans a large 18,364 SF double lot across two separate APNs and is attractively priced at just $57 per total land square foot. Zoned RD2-1VL-HPOZ and benefiting from TOC Tier 1 incentives, the property offers the potential to develop up to 14 units utilizing the State density bonus. The vacant lot boasts breathtaking views of Echo Park Lake and is surrounded by some of Los Angeles’ most dynamic commercial corridors, including Sunset Boulevard, Glendale Boulevard, Temple Street, Alvarado Street, and Beverly Boulevard. Just steps from Sunset Boulevard, the site offers effortless access to popular local destinations such as Stereoscope Coffee, The Douglas Bar, Lia’s Tacos, Cantiq Clothing Store, and Reverie Bookstand.

Overall, this rare offering combines an expansive 18,364 SF double lot with two separate APNs and an exceptional entry price of just $57 per land square foot, creating a highly compelling market rate or mixed income development opportunity in the heart of Echo Park.

*PLEASE NOTE: Property is being sold together with 740 Echo Park Ave, Los Angeles, CA 90026, APN: 5404-022-008

Listing Contacts

JT
CA 01772495
Marcus & Millichap - Encino
Listed by Marcus & Millichap - Encino

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