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32271815
32271816

163 N. Edgeware Road, Los Angeles, CA 90026

ES
CA 00893163
Miller & Desatnik Realty Corp
Listed by Miller & Desatnik Realty Corp
$1,595,000
31 days on market
Updated 31 days ago

163 N. Edgeware Road

Details
APN 5160-015-002
Property Type Multifamily
Units 20
Tenancy Vacant
Price per SqFt $333
Lot Size (SqFt) 4,778
Zoning LACW
Parking Spaces 4 spaces
Investment Type Redevelopment

Multifamily | 20 Units

Marketing description

163 N Edgeware Road presents a fully entitled multifamily development opportunity in the Echo Park / City West submarket, just minutes from Downtown Los Angeles. The property is offered with approved plans and appx. 80% of permits paid for a 18-unit plus 2 ADU residential project, allowing a developer to immediately proceed to construction. Fully entitled and permit-paid for 20-unit development.

The subject property consists of 5 vacant units. Highly walkable neighborhood offering immediate access to DTLA, Echo Park, and major transportation corridors. The offering includes approved architectural plans and permits for a 20-unit multifamily development, consisting of 18 apartments and 2 accessory dwelling units plus potential to add 2 additional ADU's. The project comes with 80% of the permits paid and has been designed to optimize density and efficiency.

Echo Park / City West is one of Los Angeles' most dynamic and evolving submarkets, characterized by strong rental demand, proximity to major employment hubs, and a vibrant mix of retail, dining, and cultural amenities. The property benefits from immediate access to Downtown Los Angeles, major freeways, and public transportation, supporting long-term tenant demand and rent growth.

Investment highlights

  • Fully entitled and permit-paid for 20-unit development
  • High-density TOC project with reduced parking requirements
  • Efficient ±8,710 SF design maximizing rent per SF
  • Only 4 required parking spaces with a potential to add 2 additional ADUs (1-1 bed & 1-2 bed) providing additional income upside and a 22 unit project
  • Eliminates entitlement risk and shortens development timeline. Seller has paid approx. $350,000 to $400,000 in permits, architecture, engineering, expediter, relocation fees
  • Prime Echo Park / City West location near Downtown LA, located in a supply-constrained, high-demand rental submarket

Listing Contacts

ES
CA 00893163
Miller & Desatnik Realty Corp
Listed by Miller & Desatnik Realty Corp

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