2311 2Nd St Los Angeles, CA 90057

This exceptional 6,467 square foot land parcel, located at 2311 W 2nd Street in Los Angeles, CA 90057, presents a compelling development opportunity. Situated in the desirable Westlake neighborhood, just south of Beverly Boulevard, this property boasts alley access and is conveniently located near Echo Park and Silverlake. The lot is zoned LAR3 and designated as a Transit Oriented Community Tier 1, offering significant potential for development. Preliminary assessments suggest the possibility of constructing up to approximately nine large units, or potentially up to fourteen units utilizing the Los Angeles Transit Oriented Density bonus. The asking price is $900,000, translating to a land value of $154 per square foot. The property is fully vacant and comes with an approved SB8 clearance and a clean Phase 1 environmental report. This represents a rare chance to acquire a well-positioned lot in a rapidly gentrifying area, surrounded by new developments and close to a variety of amenities, including restaurants, bars, coffee shops, and retail stores. The property is easily accessible to Downtown LA, Silverlake, and Koreatown. Potential buyers are advised to conduct their own due diligence regarding development possibilities. Property inspection is contingent upon acceptance of an offer. The APN is 5154-010-016.