$ 1,595,000
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$1,595,000
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About the Listing L02710 - L09938
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 approx. 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.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 2additional ADU's (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. The unit mix includes studios, loft-style units, and one-bedroom apartments, targeting a broad renter base in a high-demand submarket. The inclusion of ADU's provides additional income with minimal incremental construction cost, further enhancing project returns.With approvals in place, the project offers immediate execution and avoids the uncertainty, time, and expense typically associated with entitlements in Los Angeles.
Listing Highlights
Status
Active
Days on Site
7
Property Type
Vacant Land
MLS ®
26820711
Year Built
Total Square Footage
0
Lot/Acreage
0.11
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
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Exterior Details
- Garage Capacity: N/A
- Zoning: LACW
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Financial Details
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Payment Calculator
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163 N Edgeware Rd Los Angeles, CA 90026
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