6
See all 6 photos
$4,250,000
Est. payment /mo
0.36 Acres Lot
Active
2227 Valley St Los Angeles, CA 90057
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25516145
Lot Size 0.362 Acres
Acres 0.3618
Property Description
We are pleased to present a rare 100% vacant land development opportunity located in the Westlake neighborhood of Los Angeles. Totaling 15,760 of LAR3 Tier 1 TOC zoned land, a new owner has the ability to capitalize on various exit strategies that include the following: 1) Letter of Determination from Planning and Housing Approval for a 65-unit, 100% affordable, 4-story, 41,272 SF building, 2) Potential to redesign the plans for a 140+ unit ED1 affordable housing development, or 3)Utilize SB684 for 10 small lot homes! This development site is strategically located in close proximity to the 101, 110 and 10 freeways providing easy access to downtown Los Angeles as well as neighboring submarkets such as Koreatown, MacArthur Park, East Hollywood, Silver Lake, Echo Park Chinatown and Pico Union. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area Downtown L.A.
Zoning LAR3
Exterior
View Y/N Yes
View City
Building
Lot Description Single Lot
Water Public
Others
Special Listing Condition Standard
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Listed by Kidder Mathews of California, Inc.