Listed By:
Jacob Kesherim with Keller Williams Beverly Hills;
2311 W 2nd Street, Los Angeles, CA
$ 925,000
Property Attributes
  • MLS#23232101
  • TypeLand
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90057
  • Style
  • Price$ 925,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size6,469 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

Priced Reduced! Motivated Seller! SB8 Clearance, Phase 1 report, and a land survey are available upon request. First time on the open market in almost 40 years! This development opportunity features 6,467 SF of land with alley access, in sought after Westlake just South of Beverly Blvd. The property will be delivered fully vacant with SB8 excluded and no relocation of tenants necessary. This investment presents a developer the opportunity to purchase land in the coveted Silverlake Adjacent, located steps from Echo Park. The parcel is zoned R3-1 and located in a Transit Oriented Community Tier 1, allowing a developer to build up to ~9 large units at a low price per sf of $147. Additionally, the Los Angeles Transit Oriented Density bonus can be used to build up to ~14 units. The subject property is centrally located within the heart of Westlake and Filipinotown. This parcel is a hidden gem in a gentrifying area surrounded by new developments. This site is located with close proximity to food destinations, bars, coffee shops, retail stores as well as Downtown LA, Silverlake, and K-Town. Buyer to do their own due diligence regarding possibilities for development. Property inspection subject to accepted offer. Please do not contact the owner as the property is exclusively listed.

Price History
1/13/2023 Listed $1,200,000
2/5/2023 5% - $1,150,000
4/4/2023 3% - $1,125,000
5/5/2023 9% - $1,025,000
5/31/2023 3% - $999,000
11/1/2023 5% - $950,000
12/6/2023 3% - $925,000

General Features

Additional Parcels Y/N No
Association Y/N No
Attached Garage No
Carport Y/N No
City Los Angeles
County Los Angeles
Days on Market 327
Directions South of Beverly Blvd & East of South Park View St
Garage Y/N No
Home Warranty Y/N No
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 6467.0
MLS Area C42 - Downtown L.A.
Mobilehomeremainsyn No
New Construction No
Occupancy Description Owner
Possession CloseOfEscrow
Private Pool No
Property Attached Y/N No
Property Type Land
Rent Control Y/N No
Senior Community Y/N No
Special Listing Conditions Standard
Standard Status Active
Status Active
Street Name 2nd
View CityLights
View Y/N Yes
Waterfront Y/N No
Zoning LAR3

Interior Features

Air Conditioning Y/N No
Basement (Y/N) No
Electric On Property Y/N No
Fireplace Y/N No
Heating Y/N No
Street Suffix Street

Exterior Features

Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions 45x145
Lot Features ValueInLand
Lot Size Acres 0.1485
Lot Size Area 6467.0
Lot Size Source Assessor
Lot Size Units SquareFeet
Lotdimensionssource Assessor
Open Parking Y/N No
Spa No
Total Parking 0.0


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Land Average in 90057

AVG $7.21M
AVG 60
Data Provided by Inside Real Estate®
AVG 88
Data Provided by Walkscore® not using MLS data