UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID OC26165410
HOA Y/N No
Lot Size 3,240 Sqft
Property Description
Rare opportunity to acquire a flat R-1 homesite in the highly desirable Historic Solano Canyon neighborhood with Ready-to-Issue (RTI) permits APPROVED by the City of Los Angeles! Skip months of planning and move directly toward construction with approved plans for an approximately 1,900 sq. ft. development featuring a 3-bedroom, 2-bath main residence plus a 1-bedroom, 1-bath ADU with laundry hookups.
Perfectly positioned just minutes from Downtown Los Angeles, this premier location offers convenient access to the 110 & 5 Freeways, parks, restaurants, entertainment, and is only a few homes from Historic Mission Conrado. Dodger Stadium is just beyond your backyard, placing you in one of Los Angeles' most iconic neighborhoods. Value in land. Olympics held here in 2028!
Whether you're a builder, investor, or future homeowner, this property offers outstanding upside. Estimated after-construction value is approximately $2Mil. Projected market rents are approximately $7,500/month for the main residence and $2,700/month for the ADU, making this an attractive opportunity for long-term income or multigenerational living.
Construction financing may be available for qualified buyers. Contact the listing agents for additional information regarding the approved plans and financing options.
Owners are licensed California real estate brokers and are the listing agents. All information is deemed reliable but not guaranteed. Buyers are advised to independently verify all information, including permits, zoning, development potential, square footage, rental estimates, and all aspects of the property through their own due diligence. See Supplements Attached.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning R1
Interior
Fireplace No
Exterior
Fence None
Community Features Park, Storm Drain(s), Street Lights, Sidewalks
Utilities Available Electricity Available, Natural Gas Available, Sewer Available, Water Available
View Y/N Yes
View Landmark
Present Use Unimproved
Building
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Level, Value In Land, Walkstreet
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5415026004
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Trust
Virtual Tour https://www.wellcomemat.com/mls/5ega6d6c54b91metd
Nearby Locations
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4465 Willshire Blvd. Ste. 104, Los Angeles, California, 90068, USA