202 Belmont Ave, Los Angeles, CA 90026
- $625,000
- List Price
- $625,000
- MLS#
- 26928443
- Lot Size
- 5,930
- Days on Market
- 11
- Property Type
- Land
Property Description
We are pleased to present a 5,930 SF vacant lot located at 202 Belmont Ave in Los Angeles, California. The subject property is located in a solid South Echo Park location, just north of Beverly Blvd and east of Alvarado St. Positioned on a 5,930-square-foot vacant corner lot in South Echo Park, the property presents a flexible development opportunity with multiple strategies to maximize value. The site offers a base density of three units and may support up to seven units through CHIP's Mixed Income Incentive Program, including one designated affordable unit. Located within a Tier 1 Transit Oriented Incentive Area, the property benefits from approximately 17,790 square feet of allowable base floor area, no minimum automobile parking requirement, and a potential height increase to approximately 56 feet. The location provides immediate access to the 101 and 110 freeways, Metro B Line, major commercial corridors, parks, dining, shopping, and Downtown Los Angeles. Offered at a low basis in a solid South Echo Park location, the property has flexible development potential on a corner lot.
Additional Information
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Courtesy of Marcus & Millichap, Jason Tuvia - CA DRE#01772495
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