14
See all 14 photos
$2,650,000
Est. payment /mo
0.28 Acres Lot
Active
1415 W Court Street Los Angeles, CA 90026
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CL25501595
HOA Y/N No
Lot Size 0.276 Acres
Acres 0.28
Property Sub-Type Unimproved Land
Property Description
We are proud to present 1411-1415 W Court Street, an opportunity to develop up to 66 units in a vibrant area south of Echo Park. The finished project will have breathtaking views of the Hollywood Hills, Griffith Observatory, and Downtown LA. This 12,042 Sq.Ft lot is zoned CW with an R4 base density and consists of two contiguous parcels. All existing structures have been demolished, no relocation of existing tenants is required. A developer can build up to 66 Units utilizing State Density Bonus Law AB 1287, 50 Units via TOC Tier 1, or 33 Units using the R4 Base Density. No parking is required per AB 2097, allowing a developer to take a tailored approach towards providing parking. A project utilizing the State Density Bonus Law AB 1287 would be eligible for a 100% density bonus of up to 66 units in exchange for setting aside 5 units for Very Low Income households and 5 units for Moderate Income households. Alternatively, a developer can use the City of Los Angeles Transit Oriented Communities Program (TOC) to build up to 50 Units, with 6 units for Very Low Income households. The zoning base density is R4, with 1 unit per 400SF of lot area permitting. For planning purposes, the lot area is 12,888 SF with half of an adjacent alley included, for a total base density of 33 Units. 1411
Location
State CA
County Los Angeles
Zoning LACW
Interior
Fireplace No
Exterior
View Y/N true
View City Lights
Building
New Construction No
Others
Tax ID 5160009029
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Listed by Oron Maher • Maher Commercial Realty
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289