202 Belmont Ave — Sale in Los Angeles, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Commercial Land
- Location: Los Angeles, CA 90026
Photos
Description
Marcus and Millichap is pleased to present a 5,930 SF vacant lot located at 202 Belmont Ave in Los Angeles, California. The subject property is located in a solid South Echo Park location, just north of Beverly Blvd and east of Alvarado St. Positioned on a 5,930-square-foot vacant corner lot in South Echo Park, the property presents a flexible development opportunity with multiple strategies to maximize value. The site offers a base density of three units and may support up to seven units through CHIP’s Mixed Income Incentive Program, including one designated affordable unit. Located within a Tier 1 Transit Oriented Incentive Area, the property benefits from approximately 17,790 square feet of allowable base floor area, no minimum automobile parking requirement, and a potential height increase to approximately 56 feet. The location provides immediate access to the 101 and 110 freeways, Metro B Line, major commercial corridors, parks, dining, shopping, and Downtown Los Angeles. Offered at a low basis in a solid South Echo Park location, the property has flexible development potential on a corner lot. Investment Highlights: • 5,930 SF Vacant Corner Lot • Blank Canvas - Multiple Strategies to Maximize Value • Potential for up to Seven (7) Units Through CHIP's 60% Density Increase - One (1) Unit Designated Affordable • Extensive Preliminary Site Investigation and Development Work has been Completed • Located Within a Tier 1 Transit Oriented Incentive Area • Base Density of Three (3) Units • Opportunity to Utilize CHIP's Mixed Income Incentive Program • Solid South Echo Park Location
Market Context
This land in Los Angeles, CA is listed for sale. Compare it against other land listings for sale in Los Angeles, CA — view the full market.
Contact
- Jason Tuvia · (818) 212-2735 · jason.tuvia@marcusmillichap.com
- Sharone Sabar · (818) 212-2714 · sharone.sabar@marcusmillichap.com
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