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1311 Waterloo St 0.18 Acres of Residential Land Offered at $2,300,998 CAD in Los Angeles, CA 90026
Investment Highlights
- Three contiguous subdivided parcels located in the heart of the Silver Lake / Echo Park corridor
- Assignable permits already in hand for three luxury four-story single family residences with rooftop decks
- Multiple exit strategies including luxury single family resale, duplex-style resale configurations, luxury rental hold strategy
- Each planned residence has been designed with the potential for lower-level ADU conversion
- Seller has completed an extensive multi-year entitlement and permitting process
- Walking distance to the renowned Sunset Boulevard restaurant and retail corridor
Executive Summary
After an extensive multi-year entitlement and permitting process, the seller has secured fully assignable permits for all three homes, representing a tremendous value-add to a future developer by potentially saving multiple six figures in soft costs, consultant fees, carrying costs, entitlement expenses, and years of development time and risk.
Each residence has also been designed with the potential for lower-level ADU conversion, creating the opportunity for a total of six residential units across the three parcels. This provides a buyer with multiple highly attractive exit strategies including building and selling three luxury single family homes individually, creating duplex-style resale configurations with ADUs, constructing a long-term luxury rental portfolio, or selling a portion of the project while retaining one or more parcels for future appreciation and cash flow.
Walking distance to the renowned Sunset Boulevard restaurant and retail corridor, home to some of Los Angeles’ most acclaimed dining destinations including Tsubaki, Morihiro, and Quarter Sheets, all featured on the Los Angeles Times 101 Best Restaurants list, alongside neighborhood favorites Cosa Buona, Honey Hi, Little Fish, A Tí, Bacari Silverlake, Bar Flores, Tacolina, and Guisados, plus iconic music venues The Echo and The Echoplex, beloved cafes Canyon Coffee, Cookbook Market, and Lady Byrd Cafe, and an evolving mix of boutique retail, nightlife, and creative spaces that define the Silver Lake / Echo Park lifestyle
This is an exceptionally rare opportunity to acquire three contiguous permit-ready luxury development parcels in one of Los Angeles’ most supply-constrained and trend-setting residential markets.
Property Facts
| Price | $2,300,998 CAD | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.18 AC |
| Property Type | Land | ||
| Zoning | LARD2 | ||
| Price | $2,300,998 CAD |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.18 AC |
| Zoning | LARD2 |
1 Lot Available
Lot
| Price | $2,300,998 CAD | Lot Size | 0.18 AC |
| Price Per AC | $12,673,064.65 CAD |
| Price | $2,300,998 CAD |
| Price Per AC | $12,673,064.65 CAD |
| Lot Size | 0.18 AC |
7,909 Sq.Ft. lot zoned LARD2 delivered RTI
Description
Maher Commercial Realty is proud to present a rare and highly flexible luxury residential development opportunity located in the heart of the Silver Lake / Echo Park corridor. The property consists of three contiguous subdivided parcels with assignable permits already in hand for the construction of three large four-story luxury single family residences, each thoughtfully designed to capture spectacular hillside and downtown skyline views. After an extensive multi-year entitlement and permitting process, the seller has secured fully assignable permits for all three homes, representing a tremendous value-add to a future developer by potentially saving multiple six figures in soft costs, consultant fees, carrying costs, entitlement expenses, and years of development time and risk. Each residence has also been designed with the potential for lower-level ADU conversion, creating the opportunity for a total of six residential units across the three parcels. This provides a buyer with multiple highly attractive exit strategies including building and selling three luxury single family homes individually, creating duplex-style resale configurations with ADUs, constructing a long-term luxury rental portfolio, or selling a portion of the project while retaining one or more parcels for future appreciation and cash flow. Walking distance to the renowned Sunset Boulevard restaurant and retail corridor, home to some of Los Angeles’ most acclaimed dining destinations including Tsubaki, Morihiro, and Quarter Sheets, all featured on the Los Angeles Times 101 Best Restaurants list, alongside neighborhood favorites Cosa Buona, Honey Hi, Little Fish, A Tí, Bacari Silverlake, Bar Flores, Tacolina, and Guisados, plus iconic music venues The Echo and The Echoplex, beloved cafes Canyon Coffee, Cookbook Market, and Lady Byrd Cafe, and an evolving mix of boutique retail, nightlife, and creative spaces that define the Silver Lake / Echo Park lifestyle. This is an exceptionally rare opportunity to acquire three contiguous permit-ready luxury development parcels in one of Los Angeles’ most supply-constrained and trend-setting residential markets.
Property Taxes
| Parcel Number | 5424-023-009 | Improvements Assessment | $0 CAD |
| Land Assessment | $1,095,022 CAD | Total Assessment | $1,095,022 CAD |
Property Taxes
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1311 Waterloo St
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