Fully Entitled Affordable Housing
For Sale
$3,025,000
807 Waterloo Street, Los Angeles, CA 90026
Two adjacent parcels with approved entitlements for 131 income-restricted units and compliance letter in hand.
Property SizeContact for details
Lot Size0.29 Acres
Days on Market143
Property Features for 807 Waterloo Street
General Information
Standard status
Active
Lot size
0.29 Acres
Property subtype
Lots/Land
Listing Agency:
Realty Investment Advisors, Inc.
(424) 377-6001
Listed By:
Benjamin J. Hsiang · License #01438644
(424) 377-6001
Source:
Exitrealty
Added: Mar 27
Changed: Aug 8
Last Checked: Aug 8 at 8:06AM
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.
801-807 Waterloo Street presents two adjacent parcels totaling 12,613 square feet, positioned for an income-restricted affordable housing development. The project is approved for 131 units, with a letter of Compliance already in hand, and includes the 50% design development plan package. The current plan calls for a seven-story mid-rise built with Type III over Type I construction, targeting roughly 65,000 buildable square feet. The unit mix is 84 singles and 47 one-bedrooms, with design elements including a rooftop deck, multiple open recreation areas, and space intended for supportive services.
The site is located in the heart of Echo Park. Walk Score is listed at 89, with a six-minute walk to Sunset Boulevard and proximity to the Metro B Line at 1.3 miles, and Downtown LA at 2.5 miles. The property sits within the Silver Lake-Echo Park-Elysian Valley Community Plan area.
For qualified buyers such as mission-driven developers or nonprofits, this platform can support a near-term path to construction with key predevelopment milestones already secured. The Welfare Tax Exemption is BOE-approved, and the included design development package and completed entitlements can reduce time and upfront soft-cost exposure compared to assembling and entitling from scratch.
The site is located in the heart of Echo Park. Walk Score is listed at 89, with a six-minute walk to Sunset Boulevard and proximity to the Metro B Line at 1.3 miles, and Downtown LA at 2.5 miles. The property sits within the Silver Lake-Echo Park-Elysian Valley Community Plan area.
For qualified buyers such as mission-driven developers or nonprofits, this platform can support a near-term path to construction with key predevelopment milestones already secured. The Welfare Tax Exemption is BOE-approved, and the included design development package and completed entitlements can reduce time and upfront soft-cost exposure compared to assembling and entitling from scratch.
Key Highlights
- Two adjacent parcels totaling 12,613 SF with approved entitlements for 131 income‑restricted units
- Letter of Compliance already in hand for the 131‑unit affordable housing development
- ~65,000 buildable SF planned for a seven‑story mid‑rise using Type III over Type I construction
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,089
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?
Residential land & home lot - Two adjacent parcels with approved entitlements for 131 income-restricted units and compliance letter in hand.
Where is this residential land & home lot located?
The property is located at 807 Waterloo Street 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: Two adjacent parcels totaling 12,613 SF with approved entitlements for 131 income‑restricted units; Letter of Compliance already in hand for the 131‑unit affordable housing development; ~65,000 buildable SF planned for a seven‑story mid‑rise using Type III over Type I construction
