351 Patton Street

Los Angeles, CA 90026

$3,600,000

Listed Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $309 / sqft

calendar_month Built

Property Description

Nestled in Los Angeles City and in the vibrant community of Echo Park, we are pleased to present 351 and 359 Patton St (APN 5160-004-016 & -017)-an exceptional opportunity for investors or developers seeking a prime development location. Patton’s contiguous double lot boasts a combined lot size of 11,643 square feet with R4 base density, offering ample space and flexibility for various development programs such as ED1 (executive directive 1, TOC (transit-oriented communities), DB Density (density bonus), or build by rights! Future developers can utilize the lot area totaling 12,043 SF when accounting for one half of the alley. With a generous by right height allowance of 75’ and DB/TOC of 86’, developers may choose to max out Patton’s potential with ED1’s streamlined ministerial approval process and build affordable housing on this nearly flat lot. Take advantage of favorable site conditions such as transformers/poles located across the street, paved alley, and numerous new multifamily developments in its immediate vicinity. With rising costs of construction and hard costs, a great way to hedge is to purchase an optimal site with limited shoring and excavating required. 351-359 Patton is also clear of any oil wells, environmental roadblocks, and tenant relocations conditions. AB 2097 also offers developers the chance to limit or eliminate parking requirements. Inquire today about how to make Echo Park a safe and thriving community!

Interior Features

Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 351 Patton Street
City Los Angeles
State CA
Zip 90026
County Los Angeles
Listing Agent Vincent Truong DRE#02012064
Courtesy Of A + Realty & Mortgage
MLS TR24091934
List Price $3,600,000
Status Active
Type Land
Structure Size N/A
Lot Size 11,643
DOM 1

Exterior Information

Maps

Listing information courtesy of: Vincent Truong, A + Realty & Mortgage . *Based on information from the Association of REALTORS/Multiple Listing as of May 7th, 2024 at 1:58 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.