Nestled in Los Angeles City and in the vibrant community of Echo Park, we are pleased to present 351 and 359 Patton St (APN 5160-004-016 & -017)-an exceptional opportunity for investors or developers seeking a prime development location. Patton’s contiguous double lot boasts a combined lot size of 11,643 square feet with R4 base density, offering ample space and flexibility for various development programs such as ED1 (executive directive 1, TOC (transit-oriented communities), DB Density (density bonus), or build by rights! Future developers can utilize the lot area totaling 12,043 SF when accounting for one half of the alley. With a generous by right height allowance of 75’ and DB/TOC of 86’, developers may choose to max out Patton’s potential with ED1’s streamlined ministerial approval process and build affordable housing on this nearly flat lot. Take advantage of favorable site conditions such as transformers/poles located across the street, paved alley, and numerous new multifamily developments in its immediate vicinity. With rising costs of construction and hard costs, a great way to hedge is to purchase an optimal site with limited shoring and excavating required. 351-359 Patton is also clear of any oil wells, environmental roadblocks, and tenant relocations conditions. AB 2097 also offers developers the chance to limit or eliminate parking requirements. Inquire today about how to make Echo Park a safe and thriving community!
Property Details
Property Features
Listing Office:
Office Name: A + Realty & Mortgage
Office Phone: (626) 941-4921
Listing Agent: Vincent Truong
Exterior Features
Exterior Information:
View: City Lights, Mountain(s), Neighborhood, Panoramic
Lot Features
Lot Information:
Lot Size: 0.27 Acres
Other
Directions Information:
Directions: TEMPLE AND PATTON
Price Information
Listing Price Info
Price Summary:
List Price: $3,600,000
Tax Information:
Annual Amount: $5,232
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.5M more than the Median Sold Price in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #TR24091934
Listing Office:
Office Name: A + Realty & Mortgage
Office Phone: (626) 941-4921
Listing Agent: Vincent Truong
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/23/2024, 8:21:16 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Sep 15, 2014
Sep 15, 2014Home Sold
$382,500
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$5,232
$424,693
2020
$5,078
$420,340
2019
$5,026
$412,099
2018
$4,920
$404,019
2017
$4,920
$396,098
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
4
/10
Betty Plasencia Elementary
1321 Cortez St
Distance between this listing and this school0.16 miles
Public District Grades KG-5
4
/10
Union Avenue Elementary
150 S Burlington Ave
Distance between this listing and this school0.51 miles
Public District Grades PK-5
4
/10
Gratts Learning Academy for Young Scholars (GLAYS)
309 Lucas Ave
Distance between this listing and this school0.65 miles
Public District Grades 2-6
Nearby Schools
4
/10
Sal Castro Middle School
1575 W 2nd St
Distance between this listing and this school0.44 miles
Public District Grades 6-8
4
/10
Camino Nuevo Charter Academy #4
1018 Mohawk St
Distance between this listing and this school0.78 miles
Public Charter Grades KG-8
4
/10
Logan Academy of Global Ecology
1711 Montana St
Distance between this listing and this school0.84 miles
Public District Grades KG-8
Nearby Schools
8
/10
Alliance Ted K. Tajima High School
1552 Rockwood St
Distance between this listing and this school0.27 miles
Public Charter Grades 9-12
5
/10
Roybal Learning Center
1200 Colton St
Distance between this listing and this school0.42 miles
Public District Grades 9-12
1
/10
Harris Newmark Continuation
1575 W 2nd St
Distance between this listing and this school0.44 miles
The neighbors living near this home have an average income of $34,802. The majority of Los Angeles, CA residents have income less than $35k annually. Most families are married, with kids. Residents of this area typically have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 351 Patton St
What is the listing price of this property?
The listing price of 351 Patton St property is $3,600,000.
What type of property is this?
The property 351 Patton St is land located in Los Angeles, California, 90026.
Is this property for sale now?
Active Listing: 351 Patton St is For Sale (Active/New) which means the seller is accepting offers.
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $5,232 (source: MLS/based on county public records data).
When was this property sold last time and for how much?
The last sale was on September 15, 2014 for $382,500. (source: MLS/tax record).
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This home is located at 351 Patton St in Los Angeles, CA and zip code 90026 in the Central LA neighborhood. This home sits on a 0.27 acre lot. It has been listed on Rocket Homes since May 07, 2024 and is currently priced at $3,600,000.
While more than 512 listings in Los Angeles, CA in November 2024 were sold above asking price, there were more than 177 listings sold at asking price, and more than 657 were sold below. The number of homes for sale in Los Angeles, CA decreased by 0.6% between October 2024 and November 2024. The median list price of listings available in November 2024 was $1,021,532, while the average time on the real estate market was 38 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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