351 Patton Street, Los Angeles, CA 90026

  • $3,600,000
  • $309
351 Patton Street, Los Angeles, CA 90026
For Sale
351 Patton Street, Los Angeles, CA 90026
  • $3,600,000
  • $309

Overview

Property ID: SGR-31554436
  • Land
  • Property Type

Description

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. AB 2097 also offers developers the chance to limit or eliminate parking requirements. Inquire today about how to make Echo Park a safe and thriving community!

  • Address 351 Patton Street
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90026
  • Area C21 - Silver Lake - Echo Park
  • Country United States

Details

Updated on May 9, 2024 at 11:18 am
  • Property ID: SGR-31554436
  • Price: $3,600,000
  • Land Area: 11643.00 m²
  • Property Type: Land
  • Property Status: For Sale
  • MLS#: TR24091934
  • Office Name: A + REALTY & MORTGAGE
  • Agent Name: Vincent Truong
  • MLS Status: Active
  • Agent State License: 02012064
  • IDX Contact Info: 626-941-4921

Additional details

  • View: City Lights,Mountain(s),Neighborhood,Panoramic
  • County: Los Angeles
  • Water Source: Public,See Remarks

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