1130 W Sunset Boulevard Los Angeles, CA 90012
Listing Courtesy of: CRMLS / Corcoran Global Living / Frank Sergi

  1130 W Sunset Boulevard Los Angeles, CA 90012

Sold (611 Days)
$8,500,000
0.76
ACRES
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Description

Prime Echo Park Opportunity! Echo Park is an Eastside neighborhood with vibrant street murals and a lively nightlife scene. Surrounded by Dodger Stadium, Elysian Park, Angelino Heights and Chinatown Central Plaza, the area is booming. Brought about by the Chinatown Metro Line and the Transit Oriented Communities Affordable Housing Incentive Program, there are several new developments with hundreds of apartment units and thousands of square feet of retail in all phases of construction. The subject property is within a half-mile radius of the Chinatown Metro Red Line which is a vast transit community. The City of Los Angeles has officially given 1130 W. Sunset Blvd. a TIER TWO STATUS. Tier Two Status means: a 60% increase in residential density, a 30% decrease in the required width or depth of one individual yard or setback, a 45% increase in Floor Area Ratio, one parking spot per unit, regardless of the number of bedrooms in the unit or a 20% reduction in the nonresidential parking requirement

Effective September 22, 2017, the City of Los Angeles instituted the Transit Oriented Communities Affordable Housing Incentive Program. This program allows developers to build significantly more units within Transit-Oriented Communities. Provided the developer dedicates nine percent (9%) of the units to affordable housing. Obtaining lots 6 & 7 located at 1132 W. Sunset. Blvd. (which separate part of the subject property) would add another 6,000 sq.ft. to a new development project.

MLS #:
RS18191909
Lot Size
0.76 acres
Type
Land
County
Los Angeles County

Listed By

Frank Sergi, Corcoran Global Living
Bought with
General Nonmember, Nonmember Mrml
Source
CRMLS
Last checked May 13 2025 at 10:02 AM GMT+0000
Bathroom Details
Utility Information
  • Utilities: Water Source: Public
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