351 Patton St

Los Angeles, CA 90026

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.

Sales Price $3,600,000

Beds

0

Baths

0

Lot Size

11643 Sq. Ft.

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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!

This home located at 351 Patton ST is currently active and has been available on pardeeproperties.com for 0 days. This property is listed at $3,600,000. It has 0 beds and 0 bathrooms. 351 Patton ST is in the Silver Lake - Echo Park community of Los Angeles County.

Quick Facts

  • Total parking spaces Car
  • Community | Silver Lake - Echo Park
  • MLS# | TR24091934MR

Features

  • Has View
  • City Lights, Panoramic Views
Connect with an agent
Lauren Narozniak
(39)

Lauren Narozniak

Partner | DRE #01958051

Listed By Vincent Truong · A + Realty & Mortgage

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