$349,000 - 942 E Edgeware Road, Los Angeles

Los Angeles Home For Sale

An incredible LARD2 development opportunity in the Angelino Heights district of Echo Park. Come craft an amazing property within one of L.A.’s oldest and most historic districts where the streets are lined with beautiful Victorians, classics from the turn of the century and numerous Historic Cultural Monuments. From the front, a spectacular snapshot of the downtown skyline comes to life when the sun sets. Mere moments away are Echo Park Lake, Downtown, Dodger Stadium and all the trendy shops and eateries that line Sunset Blvd. We do not have a topographic survey or soil report, and the attached plans are preliminary and have not been submitted to the city; however, seller believes that the city will allow all the square footage as seen on the plans. A garage for the single-family dwelling cannot be located on the street level facing Edgeware as initially considered, so that area was changed in the plans to a guest room/office, increasing the living space to 2,000 square feet. The city advises that it would allow a single-family dwelling with an ADU and a Junior ADU, per the highlighted summary in the attached Planning Department memo, and options for just an ADU, or an ADU with Junior ADU, are envisioned in the floor plans. Also attached is the LADBS "prevailing setback" regulation bulletin, which is good news for developers wanting to use more of the land for dwellings. Per AB 2097, because the lot is within 1/2 mile of transit stops, it is not mandatory to provide parking spaces. While the lot is within the HPOZ, and we are not making any guarantees as to what the HPOZ or the city will eventually approve, per seller’s discussions with the Los Angeles Planning Department, the fact that three units on the lot are allowable, and SB 9, SB 35 and SB 79 grant land development benefits, we believe the property will provide several, viable and desirable options…. Don’t miss!