Multiple VACANT Lots with access from two separate alleys. Total Lot size is app, 33,000 Sq Ft. Zoning RD2-1. The assemblage fronts two streets, Colton St (129' LF frontage) and Rockwood St (140' LF frontage) and are separated by 20' alley in between each assemblage. The Colton assemblage is 15,450 Sq Ft (TOC Tier 1) and the Rockwood Assemblage (TOC Tier 2) is app 17,500 Sq Ft. A second alley on the right side on each assemblage runs from Colton St to Rockwood St. There is a cumulative total of appx 458' of 20' alley frontage which can increase your density while providing more ingress/egress. TOC permits 35% density bonus w/10% affordable housing. Potential to develop 26 units. Per seller, all oil wells on the property have been remediating with permit. Buyer to verify all information. The development opportunity is centrally located in the most dynamic area of Echo Park. Bordered by Los Feliz, Silver Lake, Downtown LA and Hollywood. SELLER MAY CONSIDER LONG ESCROW
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