Prime Development Opportunity: Commercial Building and Approved Plans to build 3 homes. Rare value-add and development opportunity in a prime location. The property currently features a functional commercial structure with a massive on-site parking lot. Architectural plans are fully complete and ready to pull permits for an exceptional multi-family compound: transform the existing structure into a chic residential homes, and construct two brand-new detached single-family houses on the rear lot. Whether you are a builder looking for a shovel-ready project or an investor seeking a high-yield asset with immense upside, this property offers a turnkey path to multi-unit residential ownership in a thriving submarket.
| MLS # | 26994999 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 27 |
| Listing Provided By | Trust and Estate Realty | Lala Petrosian |
| SQ Feet | 2,118 |
|---|---|
| Zoning | LARD4 |
| Acreage | 0.23 |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90039) | |
Price: $1,550,000 low | high Med: $999,000 sqft: 2,118 low | high Med: 1,247 $ / sqft: $732 low | high Med: $801 On site: 27 low | high Med: 33 | |
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90039 |
| Area | C21 Silver Lake Echo Park |
| Listing VS Median (in 90039) | |
Price: $1,550,000 low | high Med: $999,000 sqft: 2,118 low | high Med: 1,247 $ / sqft: $732 low | high Med: $801 On site: 27 low | high Med: 33 | |
![]() | $1,625,0001925 WaterlooLos Angeles, CA 90039 |