1411 W Court St - Residential LAND FOR SALE


Los Angeles, CA 90026- City West12,040 SF
$2,650,000 USD
415-378-5464
1411 W Court St, Los Angeles, CA for Sale
$2,650,000 USD
Residential LAND - FOR SALE
1/14
12,040 SF

1411 W Court St
Los Angeles, CA 90026
City West


HIGHLIGHTS

  • 12,042 Sq Ft Lot Zoned CW (R4 Base Density) with no demolition or tenant relocation required
  • Build Up to 66 Units via AB1287 or 50 Units Via TOC Tier 1
  • No parking is required per AB 2097
  • The lot area is 12,888 SF with half of an adjacent alley included
  • The finished project will have views of the Hollywood Hills, Griffith Observatory, and Downtown LA
  • Walkable to numerous restaurants, cafes, parks, with easy access to Echo Park, Silverlake, DTLA

OVERVIEW

Maher Commercial Realty proudly presents 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. 1411-1415 W Court was previously entitled for 46 Units, a developer can potentially utilize materials from the previous plans or pursue their own vision. The site is located just south of Echo Park in a vibrant, walkable neighborhood with a mix of new developments, trendy retail and dining options. Residents can walk to coffee at Laveta, grab dinner at Butchr Bar, and workout at Strength Shoppe. Echo Park, Silverlake, Historic Filipinotown, Koreatown and Downtown LA are all easily accessible, perfect for young professionals seeking cultural amenities of city living.

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/ACRE

$9,585,949/AC

PRICE/SF

$220 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

66 Unit Development Opportunity

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units - Condo

LAND ACRES

0.28 AC

LAND SF

12,042 SF

OFFSITE IMPROVEMENTS

-

ZONING

LACW

APN/PARCEL ID

5160-009-029

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.