Description: Two Single Family Residences

• Land: Approximately 15,000 SF

• Zoning: R3-1, TOC3

• Uses: Affordable Housing, Student Housing,

Market Rate Condominiums

• Third Party Reports Available

• Potential In Place Income: $54,000 Annually Gross

Property Overview

Development site Los Angeles at 2016–2020 Fair Park Avenue offering approximately ±15,000 square feet of land in Eagle Rock. The property consists of two single-family residences and also provides potential in-place income.

In addition, this development site Los Angeles opportunity supports residential development, including affordable housing, student housing, or market-rate condominiums. Moreover, the site benefits from its R3-1 zoning with TOC3 designation, allowing for increased density and flexibility.

Development Site Los Angeles – Potential

Under ED-1 assumptions, the site can support a multi-story residential project. For example, preliminary analysis indicates a potential buildout of approximately 78 to 102 units depending on design.

Furthermore, concept plans include a seven-story structure with an average floor plate of approximately 10,200 square feet. As a result, this development site Los Angeles asset offers strong potential for developers seeking scale and efficiency.

Location Benefits

The property is located in Eagle Rock, a growing residential neighborhood in Los Angeles. In addition, it offers convenient access to nearby retail, dining, and everyday services.

Nearby amenities include Eagle Rock Plaza, restaurants, cafés, and neighborhood retail options. Therefore, the location supports long-term residential demand and livability.