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2350 N Lake Shore Avenue

Los Angeles, CA 90039

$1,999,999

Status: Active Area: C21 - Silver Lake - Echo Park
MLS#: 26841867

Description

RTI development opportunity in the Echo Park/Silver Lake corridor. The offering consists of five contiguous parcels totaling approximately 33,388 SF (0.77 acres), including 2338 N Lake Shore Ave; 2344 N Lake Shore Ave; 2350 N Lake Shore Ave; and 2354 N Lake Shore Ave, with approved plans for four contemporary single-family residences totaling approximately 10,686 SF. Substantial entitlement and site work has been completed, allowing a developer to reduce execution risk and accelerate the path to construction. Positioned minutes from Silver Lake, Echo Park, and Downtown Los Angeles, the project benefits from one of the Eastside's most desirable and supply-constrained residential markets. Recent luxury home sales support projected exit values of approximately $800 - $1,000 per square foot.

Features

    Heating: N/A
    Cooling: N/A
    Structure Type: Other Association Amenities: N/A
    Price/sqft: $60
    Total Floors: N/A

Listing is Courtesy of: Underwood Mortgage Group | Use of this site means you agree to the Terms of Use

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by Multi-Regional Multiple Listing Service, Inc. ("MRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and MRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.