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1223 W Court St
Los Angeles, CA 90026

$2,400,000 USD

Land For Sale • 0.5 AC

Property Details

Property Type Land
Lot Size 0.5 AC
Zoning R4(CW)-75/3-0

75 Transit Score

73 Walk Score

Description

This incredible assemblage of three parcels (APN 5160-022-034, 035,036) totaling approximately 21,750 SF (0.5 Acres) of land and also
includes an existing 8-unit apartment building. All units are 2bd/1ba. Two units are currently vacant and in need of renovation. Those two
units will be delivered as-is. This year the roof was replaced and the building exterior was painted. The site is located in the Westlake neighborhood in Los Angeles just West of Downtown Los Angeles. Over the last five years the area has seen a great renewal with hundreds of new units built within a few blocks of the subject site.

                
                    Highlights
                
                                Multi-family Zoning – Existing zoning allows high density multi-family communities.
                            
                                Central Location – A short uber ride to Crypto.com Arena, Dodger Stadium, the Music Center, The Broad Museum, Echo Park, Chinatown, Little Tokyo
                            
                                Emerging Area – Within a few blocks of the site there are close to 500 new units across 7 new apartment communities and even more beyond that immediat
                            
                                Contiguous Parcels- A substantial plot of contiguous land, ideal for residential development projects
                            
                                TOC Tier 2 – City of Los Angeles Transit Oriented Communities Affordable Housing Incentive Program. Tier to be verified with current transportation se
                            
                                QCT – Site is within QCT designated areas that are sought after by affordable housing tax credit developers (Qualified Tracts Area per 2024 HUD map).

Property Flyers

Court & Firmin_OM_PriceRed (1)

Public Transportation

Commuter Rail	Drive	Walk	Distance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak)	4 min	-	1.6 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	6 min	-	1.7 mi
Transit/Subway	Drive	Walk	Distance
Civic Center/Grand Park (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	20 min	1.0 mi
Airport	Drive	Walk	Distance
Bob Hope	23 min	-	15.4 mi
Los Angeles International	27 min	-	16.0 mi
Long Beach (Daugherty Field)	33 min	-	24.3 mi

Roger Phillips 310-721-2896 KW Commercial

1223 W Court St Los Angeles, CA 90026