Entitled Affordable Housing Development
For Sale
$3,025,000
807 Waterloo, Los Angeles, CA 90026
Fully entitled 131-unit affordable housing development site in Echo Park.
Property SizeContact for details
Lot Size0.29 Acres
Days on Market150
Property Features for 807 Waterloo
General Information
Standard status
Active
Lot size
0.29 Acres
Property subtype
Land or Vacant Lot
Listing Agency:
REALTY INVESTMENT ADVISORS, INC.
(424) 377-6001
Listed By:
BENJAMIN J. HSIANG · License #01438644
Source:
Corcoran
Added: Mar 20
Changed: Aug 8
Last Checked: Aug 8 at 2:36PM
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 REALTY INVESTMENT ADVISORS, INC.
Investment Insights
Based on property information with market context.
The property at 801-807 Waterloo Street is a fully entitled affordable housing development site located in Echo Park. It comprises two adjacent parcels totaling 12,613 square feet. Approved entitlements are in place for 131 income-restricted units, and a Letter of Compliance is already secured. The development plan features a seven-story mid-rise structure utilizing Type III over Type I construction, encompassing approximately 65,000 buildable square feet. The unit mix includes 84 single units and 47 one-bedroom units. The design incorporates a rooftop deck, multiple open recreation areas, and space for supportive services. The 50% design development plan package is included, and the Welfare Tax Exemption has already been approved by the Board of Equalization, offering time and cost advantages for a prospective buyer. The site is located within the Silver Lake-Echo Park-Elysian Valley Community Plan area, benefiting from neighborhood density with restaurants, transit options, and employment opportunities. It has a Walk Score of 89 and is a six-minute walk to Sunset Boulevard, 1.3 miles to the Metro B Line, and 2.5 miles to Downtown LA. New developments are underway in the corridor, including 176 units at 2225 W Sunset, 74 units at 3004 W Sunset, and 90 units at 355 Glendale.
Key Highlights
- Fully entitled for 131 income‑restricted units in Echo Park with letter of Compliance in hand, significantly reducing development time and risk.
- Affordable price per buildable unit ($25,153) offers substantial cost savings compared to ground‑up development.
- Strategic location with a Walk Score of 89, close to Sunset Boulevard, Metro B Line, and Downtown LA, ensuring high tenant demand.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
739
Businesses Nearby
Explore this area
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Fully entitled 131-unit affordable housing development site in Echo Park.
Where is this commercial land located?
The property is located at 807 Waterloo Los Angeles, CA.
What is the asking price?
The asking price for this property is $3,025,000.
What are key features of this property?
This property features: Fully entitled for 131 income‑restricted units in Echo Park with letter of Compliance in hand, significantly reducing development time and risk.; Affordable price per buildable unit ($25,153) offers substantial cost savings compared to ground‑up development.; Strategic location with a Walk Score of 89, close to Sunset Boulevard, Metro B Line, and Downtown LA, ensuring high tenant demand.
