Listed by: Newco Realty • Christina Wong • Contact: 626-826-4753
$1,680,000
1200 W Innes Ave Lot 56, Los Angeles, CA 90026
--beds
--baths
0.42Acres
Unimproved Land
Built in ----
0.42 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Irregular hillside parcel
Exceptional Multifamily Development Opportunity to acquire a 16,723 SF development site in the highly sought-after Angelino Heights Historic Preservation Overlay Zone (HPOZ), a historic neighborhood within the vibrant Echo Park community. Zoned R3-1VL and eligible for Tier 3 Transit-Oriented Communities (TOC) incentives, this property offers outstanding development potential with the opportunity to take advantage of increased residential density, higher floor area ratios (FAR), and reduced parking requirements, subject to city approval. The irregular hillside parcel measures approximately 38.21' x 175.97' x 62.70' x 110.57' x 154.50' (see site map), creating opportunities for innovative architectural and site design that maximize views and project value. Strategically located just north of the 101 and 110 Freeways, with convenient access to the 5 Freeway, the property offers excellent visibility and connectivity. It is only minutes from Dodger Stadium and approximately one mile from the Metro A (Gold), B (Red), and D (Purple) Rail Lines, with multiple Metro bus routes along Sunset Boulevard just steps away. Residents will enjoy convenient access to Downtown Los Angeles, Chinatown, Westlake, Koreatown, Silver Lake, and other major employment and entertainment centers. With strong rental demand, limited housing inventory, and exceptional transit access, this site presents an outstanding opportunity to develop a premier apartment community, affordable or mixed-income housing project, or other multifamily investment in one of Los Angeles' most desirable urban neighborhoods.
Buyer is advised to independently verify zoning, development standards, HPOZ requirements, hillside regulations, TOC eligibility, and all applicable incentives and approvals with the City of Los Angeles.
3 days
|
37
|
3
|
Zillow last checked:
Listing updated:
Listed by:
Christina WongDRE #01721204626-826-4753,
Newco Realty
Source: CRMLS,MLS#: TR26161125Originating MLS: California Regional MLS
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.