$975,000 Price Analysis   ♡   Los Angeles, CA 90026 Unknown bed 0 bath unknown SqFt ($0/SqFt) 5,839SqFt lot. Listed 2024-04-29, Taxes $6,041 | Ⓧ USDA Ineligible due to property near Los Angeles |
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 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.
There is also potential to subdivide the lot to build around five (5) SLO homes. The subject property is currently a flat, vacant lot ready for immediate entitlements. The site was demlished 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 or implementing a small-lot subdivision in a core market of Los Angeles.
Presented by Jason Tuvia at
Marcus & Millichap.
Property MLS #24-385523 from TheMLSCLAW
Lot Size Acres: 0.134045
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 5839
Calculated Total Monthly Association Fees: 0
County: Los Angeles
Cross Street: Temple St & Alvarado St
Current Use: Flat, Vacant Land with No Residential Units to Replace
Directions: 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.
Source Property Type: Land
Possible Use: Potential to Build Upward of 30+ Units Utilizing ED1 or Around Five (5) SLO Homes
Area: Silver Lake - Echo Park
Source Neighborhood: Silver Lake - Echo Park
Parcel Number: 5157-006-008
Postal Code Plus 4: 4802
Property Location: City
Zoning: LAR3
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $unknown + $501,981 $501,981 | $6,041 |
| 2021 | $unknown + $492,139 $492,139 | $5,971 |
| 2020 | $unknown + $487,093 $487,093 | $6,032 |
| 2019 | $unknown + $477,543 $477,543 | $5,794 |
| 2018 | $140,454 + $327,726 $468,180 | $5,926 |
| 2017 | $137,700 + $321,300 $459,000 | $5,803 |
| 2016 | $72,510 + $135,282 $207,792 | $2,777 |
| 2015 | $71,421 + $133,250 $204,671 | $2,741 |
| 2014 | $70,022 + $130,640 $200,662 | $2,771 |
| 2013 | $69,706 + $130,050 $199,756 | $2,766 |
| 2012 | $68,340 + $127,500 $195,840 | $2,800 |
| 2010 | $67,000 + $125,000 $192,000 | $5,480 |
| 2009 | $81,181 + $324,729 $405,910 | $5,281 |
| 2009 | $80,988 + $323,959 $404,947 | $5,281 |
| 2008 | $79,590 + $318,362 $397,952 | $5,062 |
| 2007 | $78,030 + $312,120 $390,150 | $4,899 |
$975,000
TheMLSCLAW
Listed 2024-04-29
$1,125,000
TheMLSCLAW
Listing removed 2023-09-05
$0
TheMLSCLAW
Listed 2023-02-02
$1,200,000
TheMLSCLAW
Listing removed 2022-09-03
$0
TheMLSCLAW
Listed 2022-02-24
$1,350,000
TheMLSCLAW
Sold 2011-12-02
$192,000
ITECH
Sold 2010-11-24
$192,000
Public Record
Listed 2010-08-13
$199,000
ITECH
Listing removed 2008-09-06
$724,000
ITECH
Listed 2008-03-11
$724,000
ITECH
Listing removed 2008-01-24
$650,000
ITECH
Listing removed 2008-01-24
$650,000
ITECH
Listing removed 2008-01-10
$650,000
ITECH
Listing removed 2007-10-29
$650,000
ITECH
Listed 2007-10-23
$650,000
ITECH
Listed 2007-10-23
$650,000
ITECH
Listed 2007-10-23
$650,000
ITECH
Listed 2007-09-19
$650,000
ITECH
Listing removed 2007-09-17
$650,000
ITECH
Listed 2007-08-07
$650,000
ITECH
Sold 2004-12-22
$190,000
Public Record
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.