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351 Patton Street, Los Angeles, CA, 90026

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$3,600,000
219 Days On Site

351 Patton Street
Los Angeles, CA 90026

For Sale|Land|Active
County:
Los Angeles
Listed by Vincent Truong of A + Realty & Mortgage [email protected]

Due to the continued health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

Call Now: 503.200.4823
Is this the home for you? We can help make it yours.
503.200.4823
351 Patton Street351 Patton Street351 Patton Street351 Patton Street
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Monthly Payment (Est.)

$16,425
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

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!

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Listing Snapshot
Price 
$3,600,000
Days On Site 
219 Days
Bedrooms 
N/A
Inside Area (SqFt) 
N/A
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2673 Acres
Year Built 
N/A
MLS® Number 
TR24091934
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
7 months agoStatus changed to Active
7 months agoListing updated with changes from the MLS®
7 months agoListing first seen on site
General Features
Acres 
0.2673
Special Circumstances 
Standard
Water Source 
PublicSee Remarks
Zoning 
LACW
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Exterior Features
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Community Features
Community Features 
Street Lights
Financing Terms Available 
CashConventionalContract1031 ExchangeOwner May Carry
MLS Area 
C21 - Silver Lake - Echo Park
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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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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