Executive Summary

EXECUTIVE SUMMARY

Marcus & Millichap is pleased to present 1622 Rockwood St, in Los Angeles. This development opportunity features 5,891 SF of land with alley access, in North Westlake just north of Beverly Blvd. The site is on 0.14 acres of land that is fully vacant with no relocation of tenants necessary.

This offering presents a developer the opportunity to purchase land in the coveted Echo Park Adj, located just 1 mile south of Echo Park Lake. The parcel is zoned R4P-1 (Tier 2), allowing a developer to build up to 14- units by-right. Additionally, the Los Angeles Transit Oriented Density bonus can be used to build up to 24 units.

The subject property is centrally located within the heart of Westlake North and Echo Park. A Rockwood St address anchored by Beverly Blvd to the south and Glendale Blvd to east makes this parcel a hidden gem in a gentrifying wake of new development. The site features a high walk score of 85 with close proximity to restaurants, cafes, shopping, services as well as Silverlake, Downtown LA, Glendale, and Koreatown.