351 Patton Street

351 Patton Street

Los Angeles, CA 90026

$3,600,000
Price
11,643 / 0.27
Lot Size / Acres
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an aerial view of a city with lots of residential buildings
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a view of a patio with table and chairs potted plants and large tree
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a pathway of a house with a yard
a view of a yard with plants and trees
a view of a street with cars
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an aerial view of city
an aerial view of a city
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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...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!
  1. Listed by Vincent Truong • DRE #02012064 • Brokerage DRE #01428773 • A + Realty & Mortgage • 626-941-4921

Property Details for 351 Patton Street

View
City Lights, Mountain(s), Neighborhood, Panoramic
Lot Size Source
Assessor
Assessor Parcel Number
5160-004-016
New Construction
No
Pool
No
View
Yes
Association
No
Association Fee
$.00

Location

Listing Courtesy of A + Realty & Mortgage, Vincent Truong, DRE #02012064
Add your commute
LISTING UPDATED: 05/07/2024 06:58 AM

Property Details for 351 Patton Street

StatusActive
MLS #TR24091934
Days on Market13
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLot/Land
Year Built-
Lot Size0.27 AC
CountyLos Angeles County

Location

Listing Courtesy of A + Realty & Mortgage, Vincent Truong, DRE #02012064
Add your commute

Building Information for 351 Patton Street

Lot Size0.27 AC

Payment Calculator

$20,110 per month

30 year fixed, 7.25% Interest

Principal and Interest

$19,647

Property Taxes

$463

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 351 Patton Street

Income / Expense / Tax Details
Tax / Assessment Info
  • Tax Block: 39
  • Tax Census Tract: 2080.02
  • CFD/Mello-Roos Fee: $254
  • Tax Lot: 37
Community / Development
Community / Development
  • Community Features: Street Lights, Urban
Property / Structure Info
Exterior Features
  • View Description: City Lights, Panoramic
Distance To
  • Distance To Water: Close
Land/Lot Info
  • Sign on Property: No
  • Lot Features: 0-1 Unit/Acre
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public, See Remarks
  • Water Source: Public, See Remarks
Parking Info
  • Carport Spaces: 0

Property History for 351 Patton Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 351 Patton Street

Taxable ValueLand$353,482Additions$88,367Total$441,849
Tax Record2023$5,554 ($463 / month)
Home Facts
Beds3Total Finished SqFt1,253 SqFtAbove Grade Finished SqFt1,253 SqFtStories1Lot Size5,821 SqFtStyleSingle Family ResidenceYear Built1893ZoningLACWCountyLOS ANGELESAPN5160-004-016

Schools near 351 Patton Street

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Betty Plasencia Elementary School
Public - K to 5
Sal Castro Middle School
Public - 6 to 8
Belmont Senior High School
Public - 9 to 12
Miguel Contreras Learning Complex School
Public - 9 to 12
Rating
School
Distance
Betty Plasencia Elementary School
PublicK to 5

Sal Castro Middle School
Public6 to 8

Belmont Senior High School
Public9 to 12

Miguel Contreras Learning Complex School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 351 Patton Street, Los Angeles, CA 90026

351 Patton Street is a 0.27 ac of land for sale in Los Angeles, CA 90026. This property was listed for sale on May 7, 2024 by A + Realty & Mortgage, it's currently listed at $3,600,000. It has been on the market for a total of 13 days and was last sold on July 30, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Betty Plasencia Elementary School, Sal Castro Middle School and Belmont Senior High School. 351 Patton Street is a 0-bed, 0-bath, 0.27 ac of land on a 11,643 sq. ft. / 0.27 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of A + Realty & Mortgage, Vincent Truong, DRE #02012064

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.