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Echo Park's La Esquinita Patiently Waiting for Rapid Development

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We're fairly sure the La Esquinita site has been on the market for a while, but there's a new marketing push for this dusty half acre Echo Park property, which is asking $995,000. Via the listing: "Probably the most upside location for development anywhere in LA. County. Rapid gentrification closing in from all sides.... 'By right' entitlement for 35 units and easy to acquire mixed use entitlement. Public t'portation right there. Great views from top part of property." No surprise here: The listing agent is Ken "Great Deal" Shapiro.
· 1261 W Sunset [Loopnet]