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$ 1,299,000
Est. payment | /mo
8 Beds
6 Baths
3,943 SqFt
$ 1,299,000
Est. payment | /mo
8 Beds
6 Baths
3,943 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,943 sqft
Price per Sqft $329
MLS Listing ID 25614193
Bedrooms 8
HOA Y/N No
Year Built 1910
Property Description
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, 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.
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Zoning LACW
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Community Features Gated
View Y/N Yes
View City Lights
Total Parking Spaces 4
Building
Story 2
Entry Level Two
Sewer Other
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5160014023
Security Features Gated Community
Special Listing Condition Standard
Listed by Cristina Dam Keller Williams Realty Los Feliz
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