MLS® ID: RS18191909MR

1130 W Sunset Blvd

Los Angeles, California, 90012

$9,750,000 Active
  • - SQFT
Prime Echo Park Opportunity! Echo Park is an Eastside neighborhood with vibrant street murals and a lively nightlife scene. Surrounded by Dodger Stadium, Elysian Park, Angelino Heights and Chinatown Central Plaza, the area is booming. Brought about by the Chinatown Metro Line and the Transit Oriented Communities Affordable Housing Incentive Program, there are several new developments with hundreds of apartment units and thousands of square feet of retail in all phases of construction. The subject property is within a half-mile radius of the Chinatown Metro Red Line which is a vast transit community. The City of Los Angeles has officially given 1130 W. Sunset Blvd. a TIER TWO STATUS. Tier Two Status means: a 60% increase in residential density, a 30% decrease in the required width or depth of one individual yard or setback, a 45% increase in Floor Area Ratio, one parking spot per unit, regardless of the number of bedrooms in the unit or a 20% reduction in the nonresidential parking requirement Effective September 22, 2017, the City of Los Angeles instituted the Transit Oriented Communities Affordable Housing Incentive Program. This program allows developers to build significantly more units within Transit-Oriented Communities. Provided the developer dedic
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Listing courtesy of All California Brokerage Inc

Amenities

  • Zip
    90012
  • Office name
    All California Brokerage Inc
  • Property type
    Residential Land
  • Zoning type
    C2-1VL, ZI-2129
  • Lot size
    0.75
  • Tax year
    0
  • Agent name
    Frank Sergi
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Area
    Sunset Strip - Hollywood Hills West
  • Office ID
    1294585
  • Agent ID
    1662683

Location

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