1401 Waterloo St Here's the opportunity you've been waiting for! Three vacant units in one building on a large lot right on the border of Silver Lake and Echo Park. With favorable zoning and many recent examples of successful redevelopment in the neighborhood, this site presents the possibility of a number of different projects. The house itself has some great features, though it will be "heavy lifting" if one wants to remodel instead of rebuild. Tax records show 4 bedrooms, it's more like a total of 3+den+studio. City planning and zoning regulations may not allow conversion to a single family, but the underlying zoning is favorable for multifamily uses. The location is great and the potential is there!