Description
TOC Planning approved 14-Unit Development Opportunity ( 3 ADU's can be added ) in prime Echo Park location steps away from Echo Park lake, dining and nightlife on Sunset Blvd. Sited on a street to street lot (Park & Bonnie Brae Ave) with sweeping views of DTLA skyline and lake. TOC incentives include 63' height limit, reduced front and side yard setbacks and 7 parking spaces. Inclusive of the 14 units, (3) units will be affordable [ (2) ELI and (1) VLI ]. Construction documents available, but have not been submitted to plan check. The lot is 6,232 Sq Ft zoned R3 - Tier 3. Currently improved with 2600 SF (4) unit apartment building (all one bed/i bath) with one vacancy. Current monthly income $3,735
Location
Listing Agent: Shawn S. Kormondy 01451888 Courtesy of: Keller Williams Beverly Hills "All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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Updated: 7th February, 2023 1:13 PM (UTC)
