2645 Blimp St - Commercial LAND FOR SALE


Los Angeles, CA 90039 28,074 SF
$6,350,000 USD
424-600-7633
2645 Blimp St, Los Angeles, CA for Sale
$6,350,000 USD
Commercial LAND - FOR SALE
1/7
28,074 SF

2645 Blimp St
Los Angeles, CA 90039


HIGHLIGHTS

  • Build Up to 149± Affordable Units by ED-1
  • No RSO. No need to Relocate or Ellis.
  • Opportunity Zone
  • Off the LA River Bicycle Path. By the New Bridge to Cross the LA River.
  • Currently a Surface Parking Lot
  • New Retail Coming Across the Street

OVERVIEW

Partners CRE is proud to present for sale a 28k SF Lot zoned (Q)CM-1VL-RIO in the Frogtown neighborhood of Elysian Valley, sandwiched between Echo Park and Mount Washington! Currently a vacant lot that sits next to a Community Garden and across the street from a large new construction project that will include 100 SLO Units and approximately 27k of Retail Space, this large corner lot features around 330 feet of frontage and is a hop and a skip to the LA River Bicycle and Walking Path. Maximize the use of the lot with the potential for around 149 units by ED-1, with a nearly 100k SF building envelope or focus on building 23± units by right or 67± units by AB1287. Frogtown is the new “it” place, close to Downtown, Atwater, Silver Lake, Echo Park, Highland Park, but featuring it’s own identity with it’s own restaurants (fine to casual), nightlife (Zebulon), coffee shops (La Colombe), brewery (Frogtown Brewery), entertainment (The Elysian) and much more! There is no RSO! There is no need to relocate anyone - the property is currently being used as a surface parking lot. The property is in an Opportunity Zone and in a CTCAC/HCD Moderate Resource Opportunity Area. The land has a requirement to provide parking for the development across the street, which would provide a monthly income upon completion. Listing includes 3 APNs: 5442-007-022, 5442-007-023 & 5442-007-024.

FOR SALE DETAILS

PRICE

$6,350,000 USD

PRICE/ACRE

$9,852,746/AC

PRICE/SF

$226 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Frogtown - Build 149± Residential Units

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Mixed Use, Multi-Family, Apartment Units, Apartment Units - Condo, Apartment Units - Subsdzd

LAND ACRES

0.64 AC

LAND SF

28,074 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

[Q]CM-1VL-RIO

APN/PARCEL ID

5442-007-022,5442-007-023,5442-007-024

ASK ABOUT THIS PROPERTY

Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

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Dario SvidlerPartners CRE - KWBHMore Info
424-600-7633

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.