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312 N Coronado Street

Los Angeles (City), CA 90026
  • $900,000
  • STATUS: Active Under Contract
  • ON SITE: 164 Days
  • ID#: 24385523
Under Contract
UPDATED: 66 min ago
$900,000
  • 0
    BEDS
  • 0.13
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)


Description

We are pleased to present a 5,837 square foot (SF) vacant lot located at 312 N Coronado Street in Los Angeles, California. The subject property is located in a good South Echo Park location just down the street from Echo Park Lake, north of Temple Street and west of Alvarado Street. This offering is positioned on one (1) parcel totaling 5,837 square feet (SF) of land with a zoning ordinance of LAR3-1VL. This allows for seven (7) units by-right. Additionally, this offering is granted ED1 eligibility, a recently passed program that allows an expedited process to 100% affordable developments. If used in conjunction with the State Density Bonus code 65915-65918, an ED1 project would have no maximum density, an allowance of three (3) additional stories, thirty-three (33) additional feet in height, and no parking requirement due to AB 2097. There is also potential to subdivide the lot to build around five (5) SLO homes. The subject property is currently a flat, vacant lot ready for immediate entitlements. The site was demolished in 2017, there are no residential units to replace. Tenants will enjoy being within close proximity to Dodger Stadium, Echo Park, Paramount Pictures Studios, and Chinatown. This, in conjunction with easy access to major employment hubs via the -101 and -110 freeways, attracts an ideal market for young professionals. Positioned in a good South Echo Park location, this offering presents an excellent opportunity for an astute developer to capitalize on maximizing density and income with ED1 or implementing a small-lot subdivision in a core market of Los Angeles.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-11T12:32:59.583. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
www.steelecanyonrealty.com/homes/150009445
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312 N Coronado Street Los Angeles (City), CA 90026

  • Price: $900,000
  • Status: Active Under Contract
  • On Site: 164 Days
  • Updated: 66 min ago
  • ID#: 24385523
0
Beds
0
Baths
0
½ Baths
0.13
Acres
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
We are pleased to present a 5,837 square foot (SF) vacant lot located at 312 N Coronado Street in Los Angeles, California. The subject property is located in a good South Echo Park location just down the street from Echo Park Lake, north of Temple Street and west of Alvarado Street. This offering is positioned on one (1) parcel totaling 5,837 square feet (SF) of land with a zoning ordinance of LAR3-1VL. This allows for seven (7) units by-right. Additionally, this offering is granted ED1 eligibility, a recently passed program that allows an expedited process to 100% affordable developments. If used in conjunction with the State Density Bonus code 65915-65918, an ED1 project would have no maximum density, an allowance of three (3) additional stories, thirty-three (33) additional feet in height, and no parking requirement due to AB 2097. There is also potential to subdivide the lot to build around five (5) SLO homes. The subject property is currently a flat, vacant lot ready for immediate entitlements. The site was demolished in 2017, there are no residential units to replace. Tenants will enjoy being within close proximity to Dodger Stadium, Echo Park, Paramount Pictures Studios, and Chinatown. This, in conjunction with easy access to major employment hubs via the -101 and -110 freeways, attracts an ideal market for young professionals. Positioned in a good South Echo Park location, this offering presents an excellent opportunity for an astute developer to capitalize on maximizing density and income with ED1 or implementing a small-lot subdivision in a core market of Los Angeles.
Exterior Features

Lot Features Value In Land Parking Total 0 View City Lights View YN Yes

Property Features

Association YN No Land Lease YN No Listing Agreement Seller Reserved Listing Service Full Service New Construction YN No Possession Close Of Escrow Senior Community YN No Special Listing Conditions Standard Zoning LAR3



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-11T12:32:59.583. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Steele Canyon Realty. Licensed in the State of California, USA.
 
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Steele Canyon Realty
9340 Fuerte Drive, Suite 203
La Mesa CA, 91941
Listing Agent(s): Jason Tuvia of Marcus & Millichap (818-212-2700)