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Keller Williams Realty Los Feliz
Overview
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$2,650,000
1415 W Court St, Los Angeles, CA 90026
.28
ac
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$2,650,000
1415 W Court St, Los Angeles, CA 90026
Estimation provided by Keller Williams Realty Inc.
.28
ac
Active
For Sale
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. 1411-1415 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.
Assessed Value is a combination of the land and additions.
2023
$26,991
(+126.38%)
$2,191,704
Land 1,681,884 +
Additions 509,820
2022
$11,923
$995,204
Land 808,288 +
Additions 186,916
2021
$11,923
(+77.27%)
$995,204
Land 808,288 +
Additions 186,916
2019
$6,726
(+1,003,788.06%)
$985,000
Land 800,000 +
Additions 185,000
2017
$0.67
$535,806
Land 367,200 +
Additions 158,100
The Property History data displayed is obtained from public records and/or MLS feeds from the local jurisdiction in which the applicable property is located. As kw.com cannot guarantee that all public records and MLS data is accurate and error-free, it is important that you contact your agent directly in order to obtain the most up-to-date information available.
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