Fully Entitled Multifamily Development
For Sale
$1,595,000
163 N Edgeware Road, Los Angeles, CA 90026
Build-ready site with approved plans for a 20-unit residential project and permits already paid for.
Property Size8,710 SF
Price / SF$183.12
Days on Market181
Property Features for 163 N Edgeware Road
General Information
Standard status
Active
Size
8,710 SF
Total Parking Spaces
4
Property subtype
LAND
Site & Location
Neighborhood
Echo Park
Additional Details
Multifamily Units
20
Listing Agency:
Miller & Desatnik Realty Co.
Listed By:
Errol Spiro · License #00893163
(310) 666-2314
Source:
Truthrealty
Added: Apr 28
Changed: Oct 22
Last Checked: Oct 23 at 1:15PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller & Desatnik Realty Co.
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Investment Insights
Based on property information with market context.
This offering is a fully entitled land parcel presented for immediate multifamily development, with approved plans in place for a 20-unit residential project plus additional ADUs. The remarks indicate plans for an 18-unit project plus 2 ADUs, with approvals supporting a 20-unit development overall, and approximately 80% of permits paid toward the project. The seller has also paid approximately $350,000 to $400,000 toward permits, architecture, engineering, and related development costs.
The proposed program includes studios, loft-style units, and one-bedroom apartments, with ADUs contemplated as 1-1 bedroom and 1-2 bedroom configurations. The development is described as a high-density TOC project with reduced parking requirements, with four required parking spaces noted and potential for adding additional ADUs.
With approvals in place and a substantial portion of permitting costs already paid, the site is positioned for execution without waiting for entitlement approval milestones.
The proposed program includes studios, loft-style units, and one-bedroom apartments, with ADUs contemplated as 1-1 bedroom and 1-2 bedroom configurations. The development is described as a high-density TOC project with reduced parking requirements, with four required parking spaces noted and potential for adding additional ADUs.
With approvals in place and a substantial portion of permitting costs already paid, the site is positioned for execution without waiting for entitlement approval milestones.
Key Highlights
- Fully entitled multifamily development opportunity near Downtown Los Angeles in the Echo Park/City West submarket
- Approved plans for an 18‑unit residential project plus 2 ADUs; approx. 80% of permits paid
- Fully entitled and permit‑paid for a 20‑unit development with Efficient 8,710 SF design maximizing rent per SF
Property Analytics
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Lease Details
20
Residential units
Location Intelligence
Trade Area within ½ mile
2,842
Businesses Nearby
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Business Placement
Demographics for 90026, CA
63,329
Population
28,632
Households
2.2
Avg Household Size
37
Median Age
47%
College-Educated
82%
High-School Grad
4.0 sq mi
ZIP Area
15,832
Density / Sq Mi
$85,835
Median Household Income
$47,600
Median Earnings
$1,822
Median Rent
$1,143,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Build-ready site with approved plans for a 20-unit residential project and permits already paid for.
Where is this residential land & home lot located?
The property is located at 163 N Edgeware Road Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: Fully entitled multifamily development opportunity near Downtown Los Angeles in the Echo Park/City West submarket; Approved plans for an 18‑unit residential project plus 2 ADUs; approx. 80% of permits paid; Fully entitled and permit‑paid for a 20‑unit development with Efficient 8,710 SF design maximizing rent per SF
