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351 Patton Street, Los Angeles, CA 90026
$3,600,000
351 Patton Street, Los Angeles, CA 90026View this property at 351 Patton Street, Los Angeles, CA 90026
351 Patton StreetLos AngelesCA90026
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Property Description
Nestled in Los Angeles City and in the vibrant community of Echo Park, we are pleased to present 351 and 359 Patton St (APN 5160-004-016 & -017)-an exceptional opportunity for investors or developers seeking a prime development location. Patton's contiguous double lot boasts a combined lot size of 11,643 square feet with R4 base density, offering ample space and flexibility for various development programs such as ED1 (executive directive 1, TOC (transit-oriented communities), DB Density (density bonus), or build by rights!
Future developers can utilize the lot area totaling 12,043 SF when accounting for one half of the alley. With a generous by right height allowance of 75' and DB/TOC of 86', developers may choose to max out Patton's potential with ED1's streamlined ministerial approval process and build affordable housing on this nearly flat lot. Take advantage of favorable site conditions such as transformers/poles located across the street, paved alley, and numerous new multifamily developments in its immediate vicinity. With rising costs of construction and hard costs, a great way to hedge is to purchase an optimal site with limited shoring and excavating required. 351-359 Patton is also clear of any oil wells, environmental roadblocks, and tenant relocations conditions. AB 2097 also offers developers the chance to limit or eliminate parking requirements. Inquire today about how to make Echo Park a safe and thriving community!
Full Property Details
Full Property Details for 351 Patton St
General
- Price: $3,600,000
- Status: Active
- Type: Lots/Land
- MLS ID: TR24091934
- Updated: 5/7/2024
- Days on Market: 24 days
- Added to Site: 24 day(s) ago
Location
- Area: C21 - Silver Lake - Echo Park
- County: Los Angeles
- Development Name: C21 - Silver Lake - Echo Park
- Driving Directions: TEMPLE AND PATTON
- Dist. to Beach: Close (Miles)
Utilities
- Water: Public, See Remarks
- Dist. to Water: Close
Lot Features
- Property View: City Lights, Mountain(s), Neighborhood, Panoramic
- Lot Size (Acres): 0.2673
- Lot Size (Sq. Ft.): 11,643
- Lot Size Source: Assessor
- Zoning: LACW
- Lot Description: Street Lights, Urban
Financial Considerations
- Price Per Sq. Ft.: $309.2
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
Listed by A + Realty & Mortgage, Vincent Truong
Get Pre-Approved Today
Schools
Schools serving 351 Patton St
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
1321 Cortez St, Los Angeles, CA 90026 | K-5 | 0.2 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 6-8 | 0.5 mi | |
1575 W 2nd St, Los Angeles, CA 90026 | 9-12 | 0.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 351 Patton St
Date
Details
Price
Change
Source
5/07/2024
Listed
$3,600,000
841.18%
MLS
7/30/2014
Sold
$382,500
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 351 Patton St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$5,554
5%
$441,849
2%
2022
$5,302
1%
$433,186
2%
2021
$5,232
-1%
$424,693
1%
2020
$5,284
4%
$420,340
2%
2019
$5,079
1%
$412,099
2%
2018
$5,027
2%
$404,019
2%
2017
$4,920
2%
$396,098
2%
2016
$4,804
1%
$388,332
2%
2015
$4,735
29%
$382,500
31%
2014
$3,669
—
$292,543
—
2013
$3,663
—
$291,222
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 351 Patton St
351 Patton Street, Los Angeles, CA 90026 (MLS# TR24091934) is a Lots/Land property with a lot size of 0.2673 acres. 351 Patton Street is currently listed for $3,600,000 and was received on May 07, 2024. Want to learn more about 351 Patton Street? Do you have questions about finding other Lots/Land real estate for sale in Silver Lake? You can browse all Silver Lake real estate or contact a Coldwell Banker agent to request more information.