07/08/2010
Investor's great and rare opportunity. Two lots together, very close to downtown LA. Hot rental and new development area, but no more many vacant lots in the area for development. Water, electricity, telephone and sewer lines are on the siteTwo blocks from the primary school, close to free way 101 and shopping area. Ideal for home development. In these lets, one vacant, the other with an old house. 80 feet by 140 feet (40 by 140 each) on quiet street in Echo Park vicinity area. There are outlets, one facing street in the front and the other with an alley in the back. Gentle Upslope, have nice view. R4 zoning. Can be build up to 72 feet, up to 24 units either for apartments or condos. The existing house is 1044 sf. One bed/one baths, according to the public record. It can have unpermitted portion, now have two beds/one baths and additional storage room. It needs TLC. Buyer is advised to check w/ the city to verify information and to verify any and all permits. Will be sold as is.