702 Lookout Dr, Los Angeles, CA 90012

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
702 Lookout Dr,Los Angeles, CA 90012
$700,000
  • 0.22 Acres
  • Lots / Land
  • Active
Listed by: maxwell forester, john katnik
Office: brc advisors- bh
MLS#:26987925
Source:CRMLS

Price summary

  • Price:$700,000

About this home

We are pleased to present the exclusive offering of Lookout Drive, a rare multifamily development opportunity ideally situated in the highly desirable Echo Park neighborhood of Los Angeles. The property consists of one approximately 9,743-square-foot parcel (APN 5415-015-048), offering investors and developers the opportunity to pursue new residential development in one of Los Angeles' most sought-after and supply-constrained rental markets. The property is zoned [LN1-MU2-5][RG1-FA][CPIO-O] and offers a base 1.5 FAR, with the potential to increase density through applicable Density Bonus incentives. The site allows for the development of up to 9 residential units by right without requiring the allocation of any units to affordable housing, subject to buyer verification and applicable development requirements. This provides an attractive opportunity to develop a boutique multifamily project without an affordable housing allocation at the base 9-unit density. Located just south of...

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Home facts

  • Listing ID #:26987925
  • Added:58 day(s) ago
  • Updated:November 12, 2026 at 01:08 PM

Structure and exterior

  • Lot area:0.22 Acres

Finances and disclosures

  • Price:$700,000
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