• Asking Price $3,600,000
  • Estimated Value: $2,270,391

  • 351 PATTON ST LOS ANGELES, CA 90026

  • 1 Bath
  • Single Family Home / Resale (MLS)
1 of 23

Property Details for 351 PATTON ST, LOS ANGELES, CA 90026

Features

  • Lot Size: 5821 sq. ft.
  • Total Units: 1
  • Stories: 1
  • Heating: 6
  • Construction Type: Wood

Facts

  • Year Built: 01/01/1893
  • Property ID: 880955049
  • MLS Number: TR24091934
  • Parcel Number: 5160-004-016
  • Property Type: Single Family Home
  • County: LOS ANGELES
  • Legal Description: L A IMP COS SUB OF PARTS OF LOTS 2,3,7 AND 8 BLK 39 H S LOT/SEC 37 BLK/DIV/TWN 19
  • Zoning: LACW
  • Listing Status: Active

Sale Type

This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.

Description

This listing is NOT a foreclosure. 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. Pattons 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! nnFuture 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 Pattons potential with ED1s 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!

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Property Brokerage: California Regional Multiple Listing Service, Inc
Copyright © 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.


All information provided is deemed reliable, but is not guaranteed and should be independently verified.

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