
Property Details
Property Details
Property Details
1130 Sunset, Los Angeles, CA 90012
$9,750,000 LOGIN TO SAVE
Bedrooms:
Bathrooms:
Area: SqFt.
Description
Prime Echo Park Opportunity! Echo Park is an Eastside neighborhood with vibrant street murals and a lively nightlife scene. Surrounded by Dodger Stadium, Elysian Park, Angelino Heights and Chinatown Central Plaza, the area is booming. Brought about by the Chinatown Metro Line and the Transit Oriented Communities Affordable Housing Incentive Program, there are several new developments with hundreds of apartment units and thousands of square feet of retail in all phases of construction. The subject property is within a half-mile radius of the Chinatown Metro Red Line which is a vast transit community. The City of Los Angeles has officially given 1130 W. Sunset Blvd. a TIER TWO STATUS. Tier Two Status means: a 60% increase in residential density, a 30% decrease in the required width or depth of one individual yard or setback, a 45% increase in Floor Area Ratio, one parking spot per unit, regardless of the number of bedrooms in the unit or a 20% reduction in the nonresidential parking requirement Effective September 22, 2017, the City of Los Angeles instituted the Transit Oriented Communities Affordable Housing Incentive Program. This program allows developers to build significantly more units within Transit-Oriented Communities. Provided the developer dedicates nine percent (9%) of the units to affordable housing. Obtaining lots 6 & 7 located at 1132 W. Sunset. Blvd. (which separate part of the subject property) would add another 6,000 sq.ft. to a new development project.
Features
- 0.76 Acres
Listing provided courtesy of Frank Sergi of Corcoran Global Living. Last updated 2021-09-04 09:16:48.000000. Listing information © 2021 Sandicor.
Listing provided courtesy of Frank Sergi of Corcoran Global Living. Last updated 2021-09-04 09:16:48.000000. Listing information © 2021 Sandicor.
WHY WORK
WITH US?
Years in Business
Years
Homes Sold
Units
Total Volume of Sales
and counting
Sold This Year
and counting
Search for your new home

Copyright © 2021
Heritage Real Estate.
All Rights Reserved.
Powered by:
DRE#: | 00939416 |
Office Address: | 255 Orange Ave., Coronado CA 92118 |
Contact No.: | 619-602-9750 |
Email: | Send Message |
Copyright © 2021 Heritage Real Estate. All Rights Reserved.
Powered by: