Great Deal Alert! 7500 sq ft Lot with Plans for 3 detached Homes – $800K

The first thing to know is that it is a gentle slope lot that should be rather easy to build. The second thing to know is that I have run comps in this area that I know as well or better than any other broker or agent. I show that it will be worth, on the back end, approx $4 million. This is two detached homes, 2000 sq ft each, plus an ADU 1000 sq ft. Importantly, you have access from two different streets on either side of the property, and so can make these dwellings feel like separate properties.

It is in a great Echo Park location. It will have plenty of parking and plenty of yard for each residence. If you look on the map it seems like it is close to the Glendale Freeway. Actually it is near the freeway exit which has little traffic, not the freeway itself and there is minimal noise, etc. According to the seller you should be able to break ground within about 6 months. He is prepared to build it himself if someone does not buy it for $800K.

This property is not on the market and thus you have very little competition. If you want it or want to know more about it give me a call and I will help you out.