SPECIFIC PLAN APPROVED for 40 units in S. Echo Park!
This corner double lot offers the opportunity to build a fantastic new multifamily project in the hot area just west of Downtown L.A. in the City West Specific Plan area. Offering views from the Hollywood sign and Griffith Observatory to the downtown skyline.
Approval for 40 units just delivered to owner. There are 44 total parking spaces in the project. The site needs some clean up work prior to applying for a building permit. More information can be found in the offering memorandum linked below.
1363 Colton Street - Los Angeles 90026
Offered At: $2,599,000
Number of Proposed Units: 40 (37 Market Rate + 3 very low-income)
Price per unit: $64,975
Commercial real estate broker and investor by design. Automotive and lifestyle enthusiast by choice. Healthy should be your definition of wealthy.