816 Laguna Avenue, Echo Park, CA 90026
This land (and the triplex next to it, owned by the same seller but listed separately) are in the HEART of Echo Park. A stone's throw from Echo Park Lake which ever since it's $64mill dollar renovation in 2013, has become the epicenter of this community, thriving with activity and is one of the must Instagram spots of Los Angeles. Smack dab between Hollywood and Downtown Los Angeles, Echo Park is a haven for those in tech, media, marketing, entertainment and beyond. There is so much demand for housing in this area! The seller would prefer to sell this land, along with the triplex next to it (which has its own, separate listing) to the same buyer if possible. With the zoning that the parcels have, it's possible to potentially build 8 market rate units, not counting any potential ADUs, or up to 13 units in a TOC Tier 2 and/or Density Bonus Project. The base FAR is 3.0 and the TOC Tier 2 FAR is 4.35. Any potential project needs to be vetted with the HPOZ board and the city Planning Dept. Buyer to verify all.