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1614-1626 W Temple St
Los Angeles, CA 90026 Historic Filipinotown

$4,500,000 USD

Land For Sale  •  0.39 AC

Property Details

  • Property Type Land
  • Lot Size 0.39 AC
  • Zoning LAC2
66 Transit Score
87 Walk Score

Description

$1 MILLION PRICE REDUCTION (NEW PRICE: $4,500,000)

1614 W Temple Street is a full approved multifamily redevelopment site in Echo Park. The approvals include Ready to Issue (RTI) permits and a pre-demolished parcel with frontage along Temple Street. Ownership took advantage of a Transit Oriented Communities (TOC) density bonus in order to add to get to 72 total units, 7 of which will be set aside for Extremely Low Income (ELI).

The location of this future redevelopment property is in the ideal multifamily rental market of Echo Park. With proximity to premiere business districts like Hollywood and Downtown Los Angeles and prime amenity driven neighborhoods like Silver Lake and Koreatown, 1614 W Temple St has everything to offer. In its more immediate location, the frontage and positioning on Temple Street provides a plethora of walkable amenities while still being close to the freeway system.

Highlights

Will be delivered with Ready to Issue (RTI) permits for 72 units.
Echo Park is a proven multifamily market with justifiable high rents.
Echo Park is rich in walkable and drivable amenities.
Site is also ED 1 eligible.
Mid-rise construction product will be cheaper to build than high-rise construction.
Consistent shortage of affordable housing across Los Angeles will keep demand for this product type high.

Public Transportation

Commuter RailDriveWalkDistance
5 min - 2.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 7 min - 2.5 mi
AirportDriveWalkDistance
Bob Hope 23 min - 14.9 mi
Los Angeles International 27 min - 16.0 mi
Long Beach (Daugherty Field) 33 min - 24.3 mi
Mick Moody 213-532-3257 Colliers
Mick Moody 213-532-3257 Colliers