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807 Waterloo Street

Los Angeles, CA 90026
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SqFt12,613

Sqft(Lot)

801-807 Waterloo Street is a fully entitled affordable housing development site in the heart of Echo Park. Two adjacent parcels totaling 12,613 square feet. Approved entitlements for 131 income-restricted units and letter of Compliance already in hand. The plan calls for a seven-story mid-rise using Type III over Type I construction. At roughly 65,000 buildable square feet, the unit mix breaks down to 84 singles and 47 one-bedrooms. A rooftop deck, multiple open recreation areas, and space for supportive services are built into the design. The 50% design development plan package is included, and the Welfare Tax Exemption is already BOE-approved. Both are significant time and cost advantages for a buyer ready to move. On pricing, $23,091 per buildable unit is the number that stops people. A mission-driven developer or nonprofit can acquire a fully entitled 131-unit affordable project in one of the most transit-connected neighborhoods in LA for a fraction of what it costs to assemble and entitle from scratch. The location supports it. Walk Score of 89. Six-minute walk to Sunset Boulevard. 1.3 miles to the Metro B Line. 2.5 miles to Downtown LA. The site sits within the Silver Lake-Echo Park-Elysian Valley Community Plan area, surrounded by the kind of neighborhood density (restaurants, transit, employment) that drives lease-up velocity for affordable housing. The rental demand picture in Echo Park is not speculative. New developments are moving in the corridor right now: 176 units at 2225 W Sunset, 74 units at 3004 W Sunset, 90 units at 355 Glendale. Supply is coming but it is not catching up. Income-restricted product at this location will not sit.

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Detail Ic Property Details

Property Type : Land

Price : $3,025,000

AD Id : 76268056

MLS Id : 26667183

Lot Size : 12,613 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Lot Information

    Main Square Feet: 12613 Lot Size Acres: 0.2896 Lot Size Source: Assessor Lot Size Square Feet: 12,613

  • Listing Price Information

    Listing Price: $3025000
    Original Price: $3295000

  • Tax Information

    Parcel Number: 5402028022

  • Location Information

    Direction: South of Sunset Blvd
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Nearby Home Value

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1200 W Innes Avenue, Los Angeles, CA, 90026 $1,680,000 -- -- -- 18,231 Sqft(Lot)
1222 Bellevue Avenue, Los Angeles, CA, 90026 $599,000 -- -- -- 6,058 Sqft(Lot)
2252 Aaron Street, Los Angeles, CA, 90026 $599,000 -- -- -- 7,101 Sqft(Lot)
734 Echo Park Avenue, Los Angeles, CA, 90026 $975,000 -- -- -- 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)

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ByOwner last updated this listing 07/28/2026 @ 10:16

MLS: 26667183 LISTED BY: Benjamin J. Hsiang, Realty Investment Advisors, Inc. SOURCE: CRMLS

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