1411-1415 W. Court Street, Los Angeles, CA 90026

$2,000,000.00
For Sale
1411 W Court St, Los Angeles, CA 90026, USA
1411 W. Court Street, Los Angeles Property ID
12,042 SqFt Size
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026
1411-1415 W. Court Street, Los Angeles, CA 90026

Description

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.

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Property Features:

  • List Price: $2,000,000
  • Lot Size: 12,042 Sq.Ft.
  • Price Per Sq.Ft.: $166.09
  • Price Per Unit: $30,303
  • Number of Units: 66
  • Zoning: CW
  • APN: 5160-009-029

Address

  • Address 1411 W Court St, Los Angeles, CA 90026, USA
  • Country United States
  • Postal code/ZIP 90026
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Overview

  • Property ID 1411 W. Court Street, Los Angeles
  • Price $2,000,000.00
  • Property Type
  • Property status
  • Size 12,042 SqFt
  • Zoning CW
  • Units 66
  • Entitlement Status 5160-009-029

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Contact

Jeremy Shore

Jeremy Shore

Property Agent

275 S Beverly Dr, Beverly Hills, CA 90212, USA
310-464-1456
MaherCR.com

Jeremy Shore is an experienced professional with over 10 years of working across all aspects of commercial real estate brokerage, management and investment.  Since joining Maher Commercial Realty in 2018, Mr. Shore has completed over $70,000,000 in transaction volume, between signed leases and closed sales. On the sales front, Mr. Shore is arranging development, investment, and owner-user transactions across retail, industrial, multifamily, and office product types in the greater Los Angeles area.  Mr. Shore dives deep into properties he analyses to find the 'highest and best use' to maximize revenue and valuation for his clients, which include prominent family offices and institutional investment firms. On the leasing side of the business, Mr. Shore has represented owners and tenants of food and beverage spaces, industrial warehouses, general retail and office space. With deep contract knowledge and careful diligence, Mr. Shore strives to complete transactions where at the end of the day, both landlord and tenant are satisfied and can look forward to the start of a years' long relationship. Mr. Shore enjoys the feeling of shaping a neighborhood and providing a home for entrepreneurs to flourish. Mr. Shore takes pride in having a role in improving the communities in which he operates, whether by adding housing to combat Los Angeles' affordability crisis or making a neighborhood more desirable by placing a cafe which becomes a gathering place for locals. In his spare time, Mr. Shore enjoys staying active with cycling, tennis, skiing, and hiking with his wife and dog. BRE#02020539

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