$3,500,000

Estimated payment $19,851/month

Total Views 1,559
0.35 Acre
$9,900,990 Price per Acre
15,398 Sq Ft Lot

About This Lot

We are pleased to present 1164 W Sunset Blvd, a unique development opportunity in Echo Park with an exceptional view of the Downtown Los Angeles skyline.Spanning fve contiguous lots and totaling approximately 15,398 square feet of C2-1VL zoned land, this site presents a rare opportunity to develop a 124-unit mixed-use residential project in the vibrant Echo Park neighborhood of Los Angeles. With full eligibility for incentives under the Mixed Income Incentive Program (MIIP) and AB 2097 parking waivers, this site offers high-density potential on a commercial corridor with minimal entitlement risk. The project allows up to 6 stories, 67 feet in height, and no parking requirementsmaximizing design flexibility and return on investment.Additionally, by incorporating Public Benefit into the project, a developer may be eligible for an extra 22 feet of height and an additional 2.0 FAR.We can also deliver the adjacent 10 lots if a developer wishes to design a larger project, totaling 45,398 square feet of land.Echo Park is rapidly transforming into one of Los Angeles' most sought-after communities. Known for its walkability, eclectic charm, and vibrant local culture, the neighborhood blends new development with independent retail, dining, and creative spaces. Its central locationjust minutes from Downtown LA, Silver Lake, Westlake, and Koreatownmakes it especially attractive to young professionals and urban dwellers.

Listing Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 07/11/2025

Co-Listing Agent

Glen Scher

Marcus & Millichap License #01962976

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $9,808

Lot Details

  • 0.35 Acre Lot
  • Property is zoned LAC2

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5405-028-001

Property Details

Property Type

Land

Est. Annual Taxes

$9,808

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.3535
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5405-028-001
  • Lot Size Area: 15398
  • Potential Usage: 124-Unit Mixed-Use Project
  • Present Use: Vacant Lot

Map

Range of Values:

Collateral Analytics

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ICE

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First American

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $9,808 $807,350 $807,350 --
2024 $9,808 $791,520 $791,520 --
2023 $9,619 $776,000 $776,000 $0
2022 $881 $49,320 $37,120 $12,200
2021 $868 $48,354 $36,393 $11,961
2020 $871 $47,859 $36,020 $11,839
2019 $848 $46,921 $35,314 $11,607
2018 $781 $46,002 $34,622 $11,380
2016 $739 $44,218 $33,279 $10,939
2015 $732 $43,555 $32,780 $10,775
2014 $738 $42,702 $32,138 $10,564
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/11/2025 07/11/25 For Sale $3,500,000 0.0% --
06/30/2025 06/30/25 Off Market $3,500,000 -- --
01/08/2025 01/08/25 For Sale $3,500,000 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $1,550,000 Chicago Title
Interfamily Deed Transfer -- None Available
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $6,990,000 New Conventional
Previous Owner $6,510,000 New Conventional
Source: Public Records

Source: The MLS

MLS Number: 25-478461

The MLS

APN: 5405-028-001