1415 W Court St
Los Angeles, CA 90026
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.
Sales Price $2,650,000
Beds
0
Baths
0
Home Size
Sq. Ft.
Lot Size
12042 Sq. Ft.
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.
This home located at 1415 W Court St is currently active and has been available on pardeeproperties.com for 8 days. This property is listed at $2,650,000. It has 0 beds and 0 bathrooms. 1415 W Court St is in the Silver Lake - Echo Park community of Los Angeles County.
Quick Facts
- 8 days on market
- Total parking spaces Car
- Community | Silver Lake - Echo Park
- MLS# | 25501595
Features
- Has View
- City Views
The multiple listings information is provided by The MLS™/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2014 The MLS™/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate and should be independently verified.
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