807 Waterloo Street, Los Angeles, CA 90026

Property Description

801-807 Waterloo Street is a fully entitled affordable housing development site in the heart of Echo Park. Two adjacent parcels totaling 12,613 square feet. Approved entitlements for 131 income-restricted units and letter of Compliance already in hand.The plan calls for a seven-story mid-rise using Type III over Type I construction. At roughly 65,000 buildable square feet, the unit mix breaks down to 84 singles and 47 one-bedrooms. A rooftop deck, multiple open recreation areas, and space for supportive services are built into the design. The 50% design development plan package is included, and the Welfare Tax Exemption is already BOE-approved. Both are significant time and cost advantages for a buyer ready to move. On pricing, $25,153 per buildable unit is the number that stops people. A mission-driven developer or nonprofit can acquire a fully entitled 131-unit affordable project in one of the most transit-connected neighborhoods in LA for a fraction of what it costs to assemble and entitle from scratch. The location supports it. Walk Score of 89. Six-minute walk to Sunset Boulevard. 1.3 miles to the Metro B Line. 2.5 miles to Downtown LA. The site sits within the Silver Lake-Echo Park-Elysian Valley Community Plan area, surrounded by the kind of neighborhood density (restauran

Listing Status:

Active

Date Added:

March 19, 2026

Data Last Updated:

April 2, 2026 at 12:06PM

Listing Office:

Realty Investment Advisors, Inc. :

Listing Agent:

Benjamin J. Hsiang : 424-377-6001

MLS ID:

CL26667183

Location

• County: Los Angeles

Lot

• Zoning: LARD1.55402028022
• View: City LightsView

Utilities

• Utilities: Other Water/Sewer
• Sewer: Other