Los Angeles Land for Sale

Los Angeles Land for Sale

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Newest Los Angeles Land for Sale

$700,000
26987925 MLS Active Status
We are pleased to present the exclusive offering of Lookout Drive, a rare multifamily development opportunity ideally situated in the highly desirable Echo Park neighborhood of Los Angeles. The property consists of one approximately 9,743-square-foot parcel (APN 5415-015-048), offering investors and developers the opportunity to pursue new residential development in one of Los Angeles' most sought-after and supply-constrained rental markets. The property is zoned [LN1-MU2-5][RG1-FA][CPIO-O] and offers a base 1.5 FAR, with the potential to increase density through applicable Density Bonus incentives. The site allows for the development of up to 9 residential units by right without requiring the allocation of any units to affordable housing, subject to buyer verification and applicable development requirements. This provides an attractive opportunity to develop a boutique multifamily project without an affordable housing allocation at the base 9-unit density. Located just south of Dodger Stadium, the property offers convenient access to Echo Park, Chinatown, Downtown Los Angeles, and the greater Los Angeles area, with nearby employment centers, public transportation, dining, entertainment, and neighborhood retail. The elevated setting also provides expansive views of Downtown Los Angeles and the 110 Freeway corridor, offering the potential to incorporate the surrounding cityscape into a thoughtfully designed residential project. With limited opportunities for new multifamily development in established Los Angeles neighborhoods, Lookout Drive presents a compelling opportunity to capitalize on strong housing demand and the continued desirability of Echo Park. The combination of 9-unit by-right development potential, flexible zoning, elevated views, and a strategic location creates an attractive opportunity for developers seeking to create a distinctive residential project with long-term value potential.

702 Lookout Dr, Los Angeles

$1,800,000
26986889 MLS Active Status
We are pleased to present an eight (8) lot development portfolio that can be delivered RTI to build a single-family residence community located at 3620 N Inglis Drive - 3586 N Mimosa Drive, Los Angeles, California. This portfolio is situated in a prime neighborhood of Northeast Los Angeles known as Glassell Park, south of Eagle Rock Boulevard and east of the Glassell Park recreation center. Zoned RE11-1-HCR, this portfolio contains eight (8) standard sized lots consisting of 51,333 combined square footage. Each lot features 2017 plans with a full soil report and soil/grading approval. The current architect has a clear path to re-entitlement and RTI along with an option to add ADUs on each site. Each lot can be delivered RTI for eight (8) single-family homes, or one on each lot. The homes average 2,149 SF with 4-bedrooms and 3-bathrooms on each. All homes go up three stories with ground floor garage parking, master bedroom layouts, and dedicated living, family, and dining areas. Residents will enjoy the large balconies and sprawling rooftop decks that make incredible use of the beautiful 180-degree hillside views of the Glassell Park rec center into Glendale's Forest Lawn and Atwater. Situated in a prime Glassell Park location, this offering presents an excellent opportunity for any merchant builder to capitalize on a tried-and-true product type with an option for the current architect to add ADUs in a low-velocity, high demand submarket of Los Angeles.

3586 N Mimosa Drive, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.