1311-1315 Waterloo Street, Los Angeles, CA 90026

$1,195,000.00
For Sale
1311 Waterloo St, Los Angeles, CA 90026, USA
1311 Waterloo Street, Los Angeles, CA 90026 Property ID
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026
1311-1315 Waterloo Street, Los Angeles, CA 90026

Description

Maher Commercial Realty is proud to present a rare and highly flexible luxury residential development opportunity located in the heart of the Silver Lake / Echo Park corridor. The property consists of three contiguous subdivided parcels — Parcel A (2,542 SF lot), Parcel B (2,871 SF lot), and Parcel C (2,261 SF lot) — with assignable permits already in hand for the construction of three large four-story luxury single family residences, each with a 2-car garage, approximately 3,058.22 SF (Parcel A), 3,207.87 SF (Parcel B), and 3,498.38 SF (Parcel C) of building area, and a lower-level basement of approximately 901 SF, 905 SF, and 1,044 SF, respectively, designed with ADU conversion potential, each thoughtfully designed to capture spectacular hillside and downtown skyline views.

After an extensive multi-year entitlement and permitting process, the seller has secured fully assignable permits for all three homes, representing a tremendous value-add to a future developer by potentially saving multiple six figures in soft costs, consultant fees, carrying costs, entitlement expenses, and years of development time and risk.

Each residence has also been designed with the potential for lower-level ADU conversion, creating the opportunity for a total of six residential units across the three parcels. This provides a buyer with multiple highly attractive exit strategies including building and selling three luxury single family homes individually, creating duplex-style resale configurations with ADUs, constructing a long-term luxury rental portfolio, or selling a portion of the project while retaining one or more parcels for future appreciation and cash flow.

Located just moments from Echo Park Lake, Sunset Junction, Silver Lake’s renowned dining and retail corridor, and Downtown Los Angeles, the property sits in one of the city’s most vibrant and culturally influential hillside neighborhoods. Future residents will enjoy close proximity to some of Los Angeles’ hottest restaurants, boutique retail destinations, nightlife venues, cafes, hiking trails, and creative hubs, all while benefiting from spectacular hillside positioning and convenient central access to DTLA, Hollywood, and the Westside.

This is an exceptionally rare opportunity to acquire three contiguous permit-ready luxury development parcels in one of Los Angeles’ most supply-constrained and trend-setting residential markets.

Property Features:

  • List Price: $1,195,000
  • Total Land Area: +/- 7,909 Sq.Ft.
  • Price Per Sq.Ft. (Land): $211.78
  • Development Potential: Three Single-Family Homes with ADU Potential
  • Zoning: LARD2

Address

  • Address 1311 Waterloo Street, Los Angeles, CA
  • Country United States
  • Postal code/ZIP 90026
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Overview

  • Property ID 1311 Waterloo Street, Los Angeles, CA 90026
  • Price $1,195,000.00
  • Property Type ,
  • Property status
  • Land area 7,909 SqFt
  • Zoning LARD2
  • Entitlement Status Assignable permits in hand

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Contact

Oron Maher

Oron Maher

Property Agent

275 S Beverly Dr, Beverly Hills, CA 90212, USA
(310) 464-1453
MaherCR.com

Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093

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