Active

419 N Lake Street

Los Angeles, CA 90026
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SqFt12,011

Sqft(Lot)

The offering consists of an entitled 95-unit ED1 project of income-restricted housing on a 12,011 (.276ac) double-lot. The seller will deliver the project RTI (ready to issue) permits upon the close of escrow. Zoned LAR3-1VL, the project was granted six incentives/waivers including no maximum density. increased FAR, and decreased setbacks/open space as a result of the project's ED1 status. The project contemplates no subterranean parking, is 6 stories in height and offers a unit mix of studios and 1-bedrooms. Twenty at-grade parking spaces will be available to tenants along with 74 bicycle spaces and a roof deck lounge. Echo Park has witnessed significant multifamily development in recent years, driven by its increasing desirability and proximity to employment centers. The multifamily vaca ncy rate remained relatively low at around 5.4% in late 2024, pointing to consistent demand for rental units in this attractive and well-located neighborhood near major employment centers. Silver Lake is a key neighboring market to Echo Park, sharing a similar trajectory of artistic history, resulting in a strong and competitive multifamily market with high rental demand and increasing property values. Silver Lake is consistently one of the most desirable neighborhoods in Los Angeles, leading to very high demand for rental housing and correspondingly high rental rates. As of February 2025, average rents for apartments in Silver Lake were generally comparable to those in Echo Park, often exceeding $3,000 for a one-bedroom unit.

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Detail Ic Property Details

Property Type : Land

Price : $3,575,000

AD Id : 75470678

MLS Id : 26650287

Lot Size : 12,011 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.2757
  • Lot Size Source: Other Lot Size Square Feet: 12011

  • Listing Price Information

    Original List Price: 3,575,000 Listing Contract Date: 2026-02-10
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5157015017

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C21 - Silver Lake - Echo Park Postal Code Plus 4: 4903 Directions: Located next to the 101 Freeway, adjacent to Echo Park between Rosemont and N. Lake St. Zoning: LAR3 Source Property Type: Land Area: C21 - Silver Lake - Echo Park
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
Avon Place, Los Angeles, CA, 90026 $2,000,000 -- -- -- 49,177 Sqft(Lot)
1204 Lilac Place, Los Angeles, CA, 90026 $2,000,000 -- -- -- 14,230 Sqft(Lot)
1222 Bellevue Avenue, Los Angeles, CA, 90026 $599,000 -- -- -- 6,058 Sqft(Lot)
2252 Aaron Street, Los Angeles, CA, 90026 $645,000 -- -- -- 7,101 Sqft(Lot)
734 Echo Park Avenue, Los Angeles, CA, 90026 $1,050,000 -- -- -- 18,364 Sqft(Lot)
163 N Edgeware Road, Los Angeles, CA, 90026 $1,595,000 -- -- -- 4,778 Sqft(Lot)
1415 W Court Street, Los Angeles, CA, 90026 $1,900,000 -- -- -- 12,045 Sqft(Lot)
1311 Waterloo Street, Los Angeles, CA, 90026 $1,195,000 -- -- -- 7,909 Sqft(Lot)
616 N Alvarado Street, Los Angeles, CA, 90026 $695,000 -- -- -- 5,865 Sqft(Lot)
807 Waterloo Street, Los Angeles, CA, 90026 $3,025,000 -- -- -- 12,613 Sqft(Lot)

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ByOwner last updated this listing 06/24/2026 @ 06:49

MLS: 26650287 LISTED BY: Adam Peterson, CB Richard Ellis, Inc. SOURCE: CRMLS

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