ActiveLand · sale

1200 W Innes Avenue

Los Angeles, CA 90026

$1,680,000

  • 0.38 acres

Listed by Newco Realty · MLS #TR26161125

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1200 W Innes Avenue, Los Angeles, CA 90026 · MLS #TR26161125

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A FEW THINGS TO NOTICE

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Property size

0.38 acres listed.

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THE PROPERTY

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Exceptional Multifamily Development Opportunity to acquire a 16,723 SF development site in the highly sought-after Angelino Heights Historic Preservation Overlay Zone (HPOZ), a historic neighborhood within the vibrant Echo Park community. Zoned R3-1VL and eligible for Tier 3 Transit-Oriented Communities (TOC) incentives, this property offers outstanding development potential with the opportunity to take advantage of increased residential density, higher floor area ratios (FAR), and reduced parking requirements, subject to city approval. The irregular hillside parcel measures approximately 38.21' x 175.97' x 62.70' x 110.57' x 154.50' (see site map), creating opportunities for innovative architectural and site design that maximize views and project value. Strategically located just north of the 101 and 110 Freeways, with convenient access to the 5 Freeway, the property offers excellent visibility and connectivity. It is only minutes from Dodger Stadium and approximately one mile from the Metro A (Gold), B (Red), and D (Purple) Rail Lines, with multiple Metro bus routes along Sunset Boulevard just steps away. Residents will enjoy convenient access to Downtown Los Angeles, Chinatown, Westlake, Koreatown, Silver Lake, and other major employment and entertainment centers. With strong rental demand, limited housing inventory, and exceptional transit access, this site presents an outstanding opportunity to develop a premier apartment community, affordable or mixed-income housing project, or other multifamily investment in one of Los Angeles' most desirable urban neighborhoods.

Buyer is advised to independently verify zoning, development standards, HPOZ requirements, hillside regulations, TOC eligibility, and all applicable incentives and approvals with the City of Los Angeles.

THE NEIGHBORHOOD

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1200 W Innes Avenue, Los Angeles, CA 90026

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THE DETAILS

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Property type
Land
Category
Land
Zoning
R3-1VL
Parcel
5406015032
HOA fee
$0.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

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Listing information

MLS #TR26161125 · California Regional MLS

Listing brokerage: Newco Realty
Listing agent: Christina Wong

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright © 2023 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.