Residential Land for Sale in Los Angeles, California

351 Patton St Los Angeles, CA 90026

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$3,600,000
0.27 acres
Active sale agoEst $28,215/mo

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!

Directions

TEMPLE AND PATTON

Location

Street Address
351 Patton St
Elevation
377 feet
Coordinates
34.0667, -118.2586

Property details

Zoning
LACW
MLS Number
MRMLS TR24091934
Date Posted

Parcels

  • 5160004016

This 0.27-acre property is located at 351 Patton St in Los Angeles, CA 90026 with latitude 34.0667 and longitude -118.2586. The property is currently available for sale for $3,600,000 with a price per acre of $13,483,146. Listing data is sourced from California Regional Multiple Listing Service # TR24091934.

Verify sale details at the property source or contact A + Realty & Mortgage at (626) 855-2530.

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Copyright (C) 2024 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Updated . Checked 2 hours ago. Parcel data by Regrid.

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