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$ 395,000
Est. payment /mo
New
0 Fairbanks Pl Echo Park, CA 90026
6,163 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR26184587
HOA Y/N No
Lot Size 6,163 Sqft
Property Description
Rare opportunity in the desirable Echo Park/Westlake area, conveniently located near Downtown Los Angeles and Dodger Stadium, with easy access to the 101, 10, 5, and 110 freeways. The property is ideally situated near shopping, dining, entertainment, public transportation, and major employment centers.
This offering presents an exceptional opportunity for investors and developers seeking an income-producing asset with significant additional development potential in a highly desirable and centrally located Los Angeles market.
Vacant Lot 1: APN 5419-024-005 | Approx. 6,178 SF | $395,000
Vacant Lot 2: APN 5419-024-006 | Approx. 6,165 SF | $395,000
Vacant Lots Total: Approx. 12,343 SF
Access: Vacant lots are accessed via Fairbanks Place
The two adjacent vacant lots (APNs 5419-024-006 & 5419-024-005) may be purchased together with the rear portion of 1427 Laveta Ter, creating a substantial development opportunity.
Existing 6-Unit Property:
• Building Size: Approx. 6,546 SF
• Existing Lot Size: Approx. 10,260 SF
• Combined Land Opportunity: Approx. 22,603 SF
• Asking Price: $1.299M (6 units)+ $395K(vacant lot) + $395K(vacant lot)
Investor & Developer Opportunity: Income-producing 6-unit property combined with two adjacent vacant lots, offering potential for future development and long-term value creation. Excellent central Los Angeles location with convenient freeway access and proximity to Downtown LA and Dodger Stadium.
Buyer to independently verify all property information, zoning, development potential, lot dimensions, access, and allowable uses with the appropriate agencies. Seller needs to do 1031 Exchange at cost to the Buyer
This offering presents an exceptional opportunity for investors and developers seeking an income-producing asset with significant additional development potential in a highly desirable and centrally located Los Angeles market.
Vacant Lot 1: APN 5419-024-005 | Approx. 6,178 SF | $395,000
Vacant Lot 2: APN 5419-024-006 | Approx. 6,165 SF | $395,000
Vacant Lots Total: Approx. 12,343 SF
Access: Vacant lots are accessed via Fairbanks Place
The two adjacent vacant lots (APNs 5419-024-006 & 5419-024-005) may be purchased together with the rear portion of 1427 Laveta Ter, creating a substantial development opportunity.
Existing 6-Unit Property:
• Building Size: Approx. 6,546 SF
• Existing Lot Size: Approx. 10,260 SF
• Combined Land Opportunity: Approx. 22,603 SF
• Asking Price: $1.299M (6 units)+ $395K(vacant lot) + $395K(vacant lot)
Investor & Developer Opportunity: Income-producing 6-unit property combined with two adjacent vacant lots, offering potential for future development and long-term value creation. Excellent central Los Angeles location with convenient freeway access and proximity to Downtown LA and Dodger Stadium.
Buyer to independently verify all property information, zoning, development potential, lot dimensions, access, and allowable uses with the appropriate agencies. Seller needs to do 1031 Exchange at cost to the Buyer
Location
State CA
County Los Angeles
Area C21 - Silver Lake - Echo Park
Interior
Fireplace No
Exterior
Community Features Sidewalks
Utilities Available None
View Y/N No
View None
Building
Lot Description 0-1 Unit/Acre
Water Public
New Construction No
Others
Senior Community No
Tax ID 5419024005
Acceptable Financing Cash to New Loan, Conventional, 1031 Exchange
Listing Terms Cash to New Loan, Conventional, 1031 Exchange
Special Listing Condition Standard
Listed by Margaret Sun Coldwell Banker Envision 626-616-2380, DRE #01278646
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