FOR SALE
1311-1315 Waterloo Street
Los Angeles, CA 90026
Sale Price
$1,195,000
Lot Sq.Ft.
7,909
Potential Homes
3
Price Per Sq.Ft.
$151.09
Zoning
LARD2
Property Overview
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 Highlights
Rare luxury residential development opportunity in the heart of the Silver Lake / Echo Park corridor.
Three contiguous subdivided parcels with separate APNs already in place (lot sizes: Parcel A 2,542 SF, Parcel B 2,871 SF, Parcel C 2,261 SF).
Assignable permits in hand for three four-story luxury single family residences, each with a 2-car garage.
Each planned residence measures approximately 3,000 square feet of primary living area across four stories, with additional lower-level ADU conversion potential of approximately 700 to 1,000 square feet per home, for a total of approximately 3,700 to 4,000 square feet of buildable area per parcel and approximately 11,100 to 12,000 square feet across all three parcels combined.
Seller completed a multi-year entitlement and permitting process, potentially saving a buyer multiple six figures in soft costs, consultant fees, carrying costs, and years of development time.
Each planned residence designed to capture spectacular hillside and downtown skyline views.
Rooftop deck designs incorporated into the approved plans.
Lower-level ADU conversion potential (basement sizes of approximately 901 SF, 905 SF, and 1,044 SF for Parcels A, B, and C, respectively) creates the opportunity for up to six total residential units across the project.
Multiple exit strategies including:Luxury single family resale
Duplex-style resale configurations with ADUs
Long-term luxury rental hold strategy
Partial sell-off / long-term hold combinations
Located moments from Echo Park Lake, Sunset Junction, Silver Lake’s restaurant and retail corridor, Downtown Los Angeles, and Dodger Stadium.
Ability to build and sell homes individually or retain one or more parcels for future appreciation and cash flow.
Highly desirable hillside infill location with strong demand for luxury residential product.
LARD2 zoning with subdivision already completed.
Sloped site engineering and permitting work already substantially completed.
Immediate construction start potential with permits already secured.
Rare opportunity to acquire three contiguous permit-ready luxury development parcels in one of Los Angeles’ most supply-constrained and trend-setting neighborhoods.
Walking distance to the renowned Sunset Boulevard restaurant and retail corridor, home to some of Los Angeles' most acclaimed dining destinations including Tsubaki, Morihiro, and Quarter Sheets, all featured on the Los Angeles Times 101 Best Restaurants list.
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