330 N Bixel St Los Angeles CA MLS #24-361261

330 N Bixel St
Los Angeles, CA,
$1,200,000
Beds
0 Baths
SqFt
0.17 Acres
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We are pleased to present a 100% vacant land development opportunity located just South of Echo Park! Totaling +/-7,457sf of LACW zoned land with base R4 density and Tier 2 TOC, there’s potential for a developer to execute on either a market rate or affordable housing development. As a market rate development utilizing the R4 base density and applying Tier 2 TOC bonuses, there’s potential for a 31-unit market rate development. As a 100% affordable ED1 development, there’s potential for a 30-35 unit development with no parking requirements with an affordable stick on grade type construction.With its close proximity to Echo Park, Dodger Stadium, Chinatown, and Downtown Los Angeles, the property is well positioned for a developer seeking a well-located property with high rental demands. Ownership has completed a Geophysical Survey Report and massing study for a market rate development, both of which can be made available upon request. Please note, there is a +/-5-6′ access easement that runs along the Southern portion of the property. Buyer shall complete their own due diligence to determine the development potential. For more information please contact the listing broker.

Property Details

Price:
$1,200,000
MLS #:
24-361261
Status:
Active
Baths:
0
Address:
330 N Bixel St
Type:
Land
Neighborhood:
silverlakeechopark
City:
Los Angeles
Listed Date:
Feb 22, 2024
State:
CA
Lot Size:
7,460 sqft / 0.17 acres (approx)
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