Property listed by Keller Williams Realty Los Feliz, Cristina Dam 323-300-1000
$1,325,000
RTI 5-Unit Development Opportunity with City Views | Echo ParkProperty Overview:Rare RTI (Ready-To-Issue) opportunity in the heart of Echo Parkone of Los Angeles' most sought-after and fastest-growing neighborhoods. Approved plans call for a 5-unit multifamily project, including a mix of modern layouts designed to capture natural light, maximize rentable space,… Read More and showcase breathtaking views of the Downtown Los Angeles skyline.Approved Plans Include:Total Units: 5 (including one ADU)Unit Mix:(3) One-Bedroom Units (one is the ADU)(1) Two-Bedroom Unit(1) Three-Bedroom UnitThoughtful architectural design with open-concept interiors and private outdoor spacesEfficient layouts ideal for the Echo Park rental or resale marketHighlights:RTI permits in hand start construction immediatelySpectacular skyline views from multiple unitsPrime Echo Park location minutes to Downtown LA, Silver Lake, and Dodger StadiumStrong rental demand and excellent long-term appreciation potentialPerfect for developers, investors, or 1031 exchange buyersInvestment Summary:Why wait years for entitlements? This project is ready to build today, saving valuable time and costs. Located on a quiet street surrounded by ongoing redevelopment, 145 N Toluca St offers an ideal balance of proximity to city life and hillside tranquility. With Echo Park's continued growth, this project promises strong upside as either a build-and-hold income property or resale investment. Read Less
Listing Snapshot
Days Online
10
Last Updated
Beds
8
Square Ft.
3,943
Lot Size
0.08 Acres
Year Built
1910
MLS Number
25614193
Additional Details
Building
Built in 1910, Living area: 3943.0, 1 building, 2 stories, Levels: Two
Community
Gated
Cooling
None
Heating
None
Lot
0.084 acres, Dimensions: 45x70
Parking
4 open parking spaces, 4 total parking spaces, Driveway
Property
CityLights
Security Features
GatedCommunity
Taxes
Parcel Number: 5160014023, Zoning: LACW
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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