View All Photos
Elite Multi-Family Development Opportunity in Echo Park – Potentially up to 23 Units! Attention builders and investors! Secure a premier multi-family development site in one of Los Angeles’ most competitive and high-demand submarkets. Also known as 314-316 Douglas St and just off the corner of Douglas St and Court St with 5 separate parcels with their own APN numbers, this 5,714-square-foot vacant parcel features rare, high-density LACW zoning within the coveted Central City West Specific Plan area. Skip standard residential limitations and maximize your ROI with a potential use case to build up to 23 total multi-family units or execute a highly profitable 5-home Small Lot Ordinance (SLO) development.The location offers an unbeatable lifestyle draw for future tenants or buyers. Situated just blocks away from the iconic Echo Park Lake and the vibrant dining, nightlife, and retail strip along Sunset Boulevard. Commuting is effortless with immediate access to the 101 Freeway, Downtown Los Angeles (DTLA), and neighboring Silver Lake. Do not miss this rare chance to construct a landmark income property or modern townhome community in a robust, appreciating rental market. Buyer to verify with their own due diligence all build capacities, specific plan restrictions, zoning, and utility connections.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Provided By
Listed by Todd Frelinger (#OCFRELTOD)
Listing Office: Prime Equity Properties, Inc. (#OC07655)

Get an estimate on monthly payments on this property.