1518 Colton Street Los Angeles, CA 90026

$2,650,000
Los Angeles, CA   90026
0 Beds, 0.0 Baths, 0 sq ft, 15,447 sq ft lot, Built in 0
1518 Colton Street, Los Angeles, CA 90026 Photo 0
1518 Colton Street, Los Angeles, CA 90026 Photo 1
1518 Colton Street, Los Angeles, CA 90026 Photo 2
1518 Colton Street, Los Angeles, CA 90026 Photo 3
0 Beds,
0.0 Baths,
0 sq ft,
15,447 sq ft lot
Built in 0

Description

MLS# 19496658

1518-1526 Colton Street & 1525-1535 Rockwood Street is a portfolio sale consisting of 6 adjacent parcels, located in the heart of the Echo Park submarket of Los Angeles. The portfolio consists of approximately 32,934 SF of land. The asset is currently vacant land with RD2-1 zoning. 1525-1535 Rockwood Street is located in TOC Tier 2 and 1518-1526 Colton Street is part of TOC Tier 1, providing a rare development opportunity to build 29 multifamily units with 3 designated for extremely low-income households. By exercising the Transit Oriented Communities (TOC) guidelines an investor is allowed 143,262 SF of buildable square footage, a 35% density bonus with 56 feet and four-story height restriction and an increased FAR ratio of 4.35:1 (Due to TOC 35% FAR bonus) Listed by Daniel Hirth, Keller Williams Santa Monica.

Description

MLS# 19496658

1518-1526 Colton Street & 1525-1535 Rockwood Street is a portfolio sale consisting of 6 adjacent parcels, located in the heart of the Echo Park submarket of Los Angeles. The portfolio consists of approximately 32,934 SF of land. The asset is currently vacant land with RD2-1 zoning. 1525-1535 Rockwood Street is located in TOC Tier 2 and 1518-1526 Colton Street is part of TOC Tier 1, providing a rare development opportunity to build 29 multifamily units with 3 designated for extremely low-income households. By exercising the Transit Oriented Communities (TOC) guidelines an investor is allowed 143,262 SF of buildable square footage, a 35% density bonus with 56 feet and four-story height restriction and an increased FAR ratio of 4.35:1 (Due to TOC 35% FAR bonus) Listed by Daniel Hirth, Keller Williams Santa Monica.

Area
AREA: 671 - Silver Lake
COUNTY: LA
Community
HOA DUES 1: 0.00
Land
ZONE: LARD2
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