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

$1,125,000
ACTIVE Status
We are pleased to present a 5,837 square foot (SF) vacant lot located at 312 N Coronado Street in Los Angeles, California. The subject property is located in a good South Echo Park location just down the street from Echo Park Lake, north of Temple Street and west of Alvarado Street. This offering is positioned on one (1) parcel totaling 5,837 square feet (SF) of land with a zoning ordinance of LAR3-1VL. This allows for seven (7) units by-right. Additionally, this offering is granted ED1 eligibility, a recently passed program that allows an expedited process to 100% affordable developments. If used in conjunction with the State Density Bonus code 65915-65918, an ED1 project would have no maximum density, an allowance of three (3) additional stories, thirty-three (33) additional feet in height, and no parking requirement due to AB 2097. Five (5) additional concessions or incentives are granted under the State Density Bonus program. There is potential to stack these incentives with other programs such as TOC or the Los Angeles Density Bonus program, Buyer to verify. The subject property is currently a flat, vacant lot ready for immediate entitlements. The site was demolished in 2017, there are no residential units to replace. Tenants will enjoy being within close proximity to Dodger Stadium, Echo Park, Paramount Pictures Studios, and Chinatown. This, in conjunction with easy access to major employment hubs via the -101 and -110 freeways, attracts an ideal market for young professionals. Positioned in a good South Echo Park location, this offering presents an excellent opportunity for an astute developer to capitalize on maximizing density and income with ED1 in a core market of Los Angeles.

312 N Coronado St, Los Angeles

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

$2,195,000
ACTIVE UNDER CONTRACT 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

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