Active

351 Patton ST

LOS ANGELES CA, 90026

$3,600,000


$309.20 per sqft

Active

0.27 Acres

Land

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!

TR24091934MR

MLS ID

May 7, 2024

Listed

June 22, 2024

Updated

Map

351 Patton ST
LOS ANGELES CA, 90026

Exterior/Building Features

Lot Size

0.27 Acres

Other Property Details

Area Name

Silver Lake - Echo Park


Garage

No


View

Yes


View Description

City Lights, Panoramic


County

Los Angeles


Water Source

Public, See Remarks


Pool

No


Zoning

LACW

Listed by Vincent Truong with A + Realty & Mortgage
Listing Contact: 626-941-4921 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Louise Leach | CA DRE# 01774966 shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2024 Combined L.A./Westside MLS. All rights reserved.

Data last updated 6/22/2024

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