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923 Glendale Boulevard

Los Angeles (City), CA 90026
  • $3,650,000
  • STATUS: Active
  • ON SITE: 99 Days
  • ID#: 21797386
UPDATED: 164 min ago
$3,650,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Dario Svidler of Compass (310-500-3900) and Almog Strikowski of Compass(310-500-3900)


Description

We are proud to exclusively present for sale a Development Opportunity in the last undeveloped lot overlooking the Echo Park Lake! The property comes with a Letter of Determination for a 15 Unit, 22,739 SF Residential Building with 30 subterranean parking spaces and the potential to add one ADU. The LOD requires one VLI unit. Situated directly across the street from the Echo Park Lake and steps to the shopping district on Sunset Blvd., this site is poised to join the most desirable properties in the area commanding some of the highest rents around. Take in a show at the Echoplex, grab a craft beer at Mohawk Bend, or wine at El Prado, get an espresso at Woodcat, stop by the hipster flea market at Taix, ride the Swan Boats at the lake, catch a game at Dodger Stadium, hop on a Metro Bike and head to Downtownthis neighborhood attracts people from far and wide. Sitting on a slope, and facing the lake, the views of and over the lake will not be obstructed. The beautifully designed concept project has been crafted to use the rise of the hillside and has been thought out for the potential for co-living, with most units being 5 bedrooms and most bedrooms having private bathrooms. The concept project has also been thought out with the possibility of a Condo-Conversion and the 1,010 SF Common Room is perfect for an Additional Dwelling Unit. With a large central courtyard, two parking spaces per unit and an abundance of bicycle parking, this concept project should rent quickly once it hits the market. Downtown views, a Walkers Paradise (per Walk Score) with nightlife, restaurants, live entertainment and the hard part of dealing with the CDO for the LOD done, the rest is easy. The Concept Plans have not been submitted to Plan Check. Transaction includes 3 APNs: 5404-005-001, 5404-005-002 and 5404-005-003.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T00:26:01.273. 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 CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
www.century21jordanlink.com/homes/122610641
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923 Glendale Boulevard Los Angeles (City), CA 90026

  • Price: $3,650,000
  • Status: Active
  • On Site: 99 Days
  • Updated: 164 min ago
  • ID#: 21797386
0
Beds
0
Baths
0
½ Baths
0.46
Acres
Neighborhood:
C21 - Silver Lake - Echo Park
County:
Los Angeles
Area:
C21 - Silver Lake - Echo Park
Property Description
We are proud to exclusively present for sale a Development Opportunity in the last undeveloped lot overlooking the Echo Park Lake! The property comes with a Letter of Determination for a 15 Unit, 22,739 SF Residential Building with 30 subterranean parking spaces and the potential to add one ADU. The LOD requires one VLI unit. Situated directly across the street from the Echo Park Lake and steps to the shopping district on Sunset Blvd., this site is poised to join the most desirable properties in the area commanding some of the highest rents around. Take in a show at the Echoplex, grab a craft beer at Mohawk Bend, or wine at El Prado, get an espresso at Woodcat, stop by the hipster flea market at Taix, ride the Swan Boats at the lake, catch a game at Dodger Stadium, hop on a Metro Bike and head to Downtownthis neighborhood attracts people from far and wide. Sitting on a slope, and facing the lake, the views of and over the lake will not be obstructed. The beautifully designed concept project has been crafted to use the rise of the hillside and has been thought out for the potential for co-living, with most units being 5 bedrooms and most bedrooms having private bathrooms. The concept project has also been thought out with the possibility of a Condo-Conversion and the 1,010 SF Common Room is perfect for an Additional Dwelling Unit. With a large central courtyard, two parking spaces per unit and an abundance of bicycle parking, this concept project should rent quickly once it hits the market. Downtown views, a Walkers Paradise (per Walk Score) with nightlife, restaurants, live entertainment and the hard part of dealing with the CDO for the LOD done, the rest is easy. The Concept Plans have not been submitted to Plan Check. Transaction includes 3 APNs: 5404-005-001, 5404-005-002 and 5404-005-003.
Exterior Features

Parking Total 0 View LakeWater View YN Yes

Property Features

Association Fee 0 Inclusions Letter Of Determination Listing Agreement Exclusive Right To Sell Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning Rd2-1Vl-Cdo Tier 2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-28T00:26:01.273. 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 CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
 
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CENTURY 21 Jordan-Link & Co.
2009 West Feemster Avenue
Visalia CA, 93277
Listing Agent(s): Dario Svidler of Compass (310-500-3900) and Almog Strikowski of Compass(310-500-3900)