Property Details
About this Property
Nestled in Los Angeles City and in the vibrant community of Echo Park, we are pleased to present 351 and 359 Patton St (APN 5160-004-016 & -017)-an exceptional opportunity for investors or developers seeking a prime development location. Patton’s contiguous double lot boasts a combined lot size of 11,643 square feet with R4 base density, offering ample space and flexibility for various development programs such as ED1 (executive directive 1, TOC (transit-oriented communities), DB Density (density bonus), or build by rights! Future developers can utilize the lot area totaling 12,043 SF when accounting for one half of the alley. With a generous by right height allowance of 75’ and DB/TOC of 86’, developers may choose to max out Patton’s potential with ED1’s streamlined ministerial approval process and build affordable housing on this nearly flat lot. Take advantage of favorable site conditions such as transformers/poles located across the street, paved alley, and numerous new multifamily developments in its immediate vicinity. With rising costs of construction and hard costs, a great way to hedge is to purchase an optimal site with limited shoring and excavating required. 351-359 Patton is also clear of any oil wells, environmental roadblocks, and tenant relocations conditions
MLS Listing Information
MLS #
CRTR24091934
MLS Source
California Regional MLS
Days on Site
225
Parking, School, and Other Information
Water
Other
HOA Fee
$0
Zoning
D0
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
351 Patton St is in Los Angeles, CA 90026. This Land is currently priced at $3,600,000. This address can also be written as 351 Patton St, Los Angeles, CA 90026.
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This listing information is up-to-date as of May 07, 2024. For the most current information, please contact Vincent Truong, (626) 941-4921
