Silver Lake - Echo Park (C21) Land for Sale

Silver Lake - Echo Park (C21) Land for Sale

Welcome to the vibrant and eclectic neighborhoods of Silver Lake and Echo Park in Los Angeles, California. Nestled in the heart of the city, this area offers a unique blend of urban living and natural beauty, making it a highly sought-after location for homebuyers.

Silver Lake and Echo Park are known for their trendy cafes, boutiques, and art galleries, attracting a diverse community of residents. The neighborhoods are also home to the iconic Silver Lake Reservoir, providing a serene escape for outdoor enthusiasts and joggers.

If you are looking to invest in land in this dynamic region, Century 21 is proud to present a range of prime properties for sale. Whether you are interested in building your dream home or developing a commercial space, our listings in Silver Lake and Echo Park offer endless possibilities.

Don't miss this opportunity to be a part of these thriving communities. Contact us today to explore the land for sale in Silver Lake and Echo Park and start envisioning your future in this vibrant corner of Los Angeles.

Newest Silver Lake - Echo Park (C21) Land for Sale

$2,195,000
ACTIVE Status
We are pleased to present a 9,986 square foot redevelopment site that is ideal for ED1 located at 4541-4545 Santa Monica Boulevard in Los Angeles, California. The subject property is situated in a prime Virgil Village location two (2) blocks away from Silver Lake, west of Virgil Avenue and north of Santa Monica Boulevard. This offering is positioned on two (2) parcels totaling 9,986 square feet (SF) of land with a zoning ordinance of LAC2-1D where the D suffix is a limitation to the buildable area of the lot, and for conformance to the Vermont/Western Station Neighborhood Area Plan (SNAP). The property is a rare corner, double-lot along Santa Monica Boulevard with two (2) points of access for easy development. The current building is vacant, ready for immediate entitlement process under Executive Directive 1 (ED1). Under the State Density Bonus program CA Code 65915(f)(3)(a)(ii) and pursuant to ED1, the site has no maximum density when qualified as a 100% affordable development (b)(1)(G). Utilizing these guidelines, there is ample potential to design a project at almost any scale, up to around one hundred twelve (112) units while keeping the project under "high-rise" qualifications. Additionally, the site is AB 2097 eligible, meaning there is no minimum parking requirement for ED1 designs, Buyer to verify. The location carries strong market fundamentals, ranking as one of the highest LA County submarkets for apartment unit market absorption. Positioned in a prime Virgil Village location two (2) blocks away from Silver Lake, this offering presents a rare opportunity for an astute developer to capitalize on redeveloping a rare corner, double-lot under ED1 in a core market of Los Angeles.

4545 Santa Monica Blvd, Los Angeles

Courtesy of Marcus & Millichap, Jason Tuvia - CA DRE#01772495

$3,795,000
ACTIVE Status
REDUCED! We are proud to exclusively present for sale a designer Construction Project in Echo Park, two blocks to the Echo Park Lake! Meticulously designed to be the stand-out of the area, this 47 Unit + 5 ADU Potential Project will have the bells and whistles that demanding tenants expect from a Class A design! With a high barrier to entry and rents close to $6 PSF, this is a great pocket to build in! With a planned Recreation Room, a Co-Working Room, a Leasing Office, a Bike Room and comfortable lobby, none of these rooms would be taken to convert the additional space to Accessory Dwelling Units; each floor has a "Community Room" that is planned for a potential ADU conversion. The design calls for every unit (except for the future ADUs) to have their own balcony or private patio, along with communal access to the fifth floor open space that will have an indoor lounge with bathroom. The Project will consist of mostly 1+1s, with eight 2+2s and one 3+2. All ADUs will be 1+1s. 5 units will be reserved for Extremely Low Income. The Project, so far, includes two levels of subterranean parking, and AB 2097 allows for the elimination of part or all parking levels to streamline construction and bring in the Project with significant savings. The property is in a tremendously pedestrian-friendly location; Walk Score calls the area a Walker's Paradise! With Vons, Lassens and the coming Sprouts Market a very short distance away, most day-to-day needs can be accomplished on foot. The Metro Subway Station is a short 30 minute walk, but the area is surrounded by buses and with very easy access to the 101 and 110 freeways. Come to Prime Echo Park, the center of a dining, nightlife, shopping and hospitality enclave that young professionals are looking for! Purchase this Project with 801 Alvarado St., a 55 Unit Project a block away.

900 N Alvarado St, Los Angeles

Courtesy of Keller Williams Beverly Hills, Dario Svidler - CA DRE#01884474

$3,295,000
ACTIVE Status
REDUCED! We are proud to exclusively present for sale a designer Construction Project in Echo Park, two blocks to the Echo Park Lake! Meticulously designed to be the stand-out of the area, this 55 Unit Project will have the bells and whistles that demanding tenants expect from a Class A design! With a high barrier to entry and rents close to $6 PSF, this is a great pocket to build in! With an entrance on Alvarado Street, future tenants would be met by a comfortable lobby that will lead to a lovely open space. Take the elevator to the gorgeous roof-top deck with vast views all around, being perched on a slope pointing to the Echo Park Lake! The Project will consist of mostly 1+1s, with twelve 2+2s and six singles+1. 5 units will be reserved for Extremely Low Income. The Project, so far, includes two levels of subterranean parking, and AB 2097 allows for the elimination of part or all parking levels to streamline construction and bring in the Project with significant savings. The property is in a tremendously pedestrian-friendly location; Walk Score calls the area a Walker's Paradise! With Vons, Lassens and the coming Sprouts Market a very short distance away, most day-to-day needs can be accomplished on foot. The Metro Subway Station is a short 30 minute walk, but the area is surrounded by buses and with very easy access to the 101 and 110 freeways. Come to Prime Echo Park, the center of a dining, nightlife, shopping and hospitality enclave that young professionals are looking for! Purchase this Project with 900 Alvarado St., a 52 Unit Project a block away.

809 N Alvarado St, Los Angeles

Courtesy of Keller Williams Beverly Hills, Dario Svidler - CA DRE#01884474

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