1518 W COLTON ST Los Angeles, CA 90026

APN: 5159-015-031, 030, 029 (THREE LOTS TOTAL). Two contiguous assemblages being offered separately. (MLS# 21-692168 for Rockwood assemblage; APN 5159-015-015, 014, 013, THREE lots total). The assemblages fronts two streets, Colton St (129 LF frontage) and Rockwood St (140 LF frontage) and are separated by 20 alley in between each assemblage. The Colton assemblage is 15,450 Sq Ft (TOC Tier 1) and the Rockwood Assemblage (TOC Tier 1) is app 17,500 Sq Ft. A second alley on the right side on each assemblage runs from Colton St to Rockwood St. There is a cumulative total of appx 458 of 20 alley frontage which can increase your density while providing more ingress/egress. TOC permits 35% density bonus. There are THREE oil wells on the lots. The development opportunity is centrally located in the most dynamic area of Echo Park. Bordered by Los Feliz, Silver Lake, Downtown LA and Hollywood. SELLER MAY CONSIDER LONG ESCROW.