1518 W COLTON STREET, LOS ANGELES, CA 90026

  • Lot Size: 15,447 sqft
  • MLS #21692176
For Sale $400,000

Description

APN: 5159-015-031, 030, 029 (THREE LOTS TOTAL). Two contiguous assemblages being offered separately. (MLS# 21-692168 for Rockwood assemblage; APN 5159-015-015, 014, 013, THREE lots total). The assemblages fronts two streets, Colton St (129 LF frontage) and Rockwood St (140 LF frontage) and are separated by 20 alley in between each assemblage. The Colton assemblage is 15,450 Sq Ft (TOC Tier 1) and the Rockwood Assemblage (TOC Tier 1) is app 17,500 Sq Ft. A second alley on the right side on each assemblage runs from Colton St to Rockwood St. There is a cumulative total of appx 458 of 20 alley frontage which can increase your density while providing more ingress/egress. TOC permits 35% density bonus. There are THREE oil wells on the lots. The development opportunity is centrally located in the most dynamic area of Echo Park. Bordered by Los Feliz, Silver Lake, Downtown LA and Hollywood. SELLER MAY CONSIDER LONG ESCROW.

FACTS / FEATURES

  • Lot Size: 15,447 sqft
  • View: City Lights

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Listing Provided by Shawn S. Kormondy, Keller Williams Beverly Hills
Based on information from California Regional Multiple Listing Service, Inc. as of February 26, 2021. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.