Multi-Family
1272-1276 W Court St
1272 W Court St, Los Angeles, CA 90026
Listing Price: $3,750,000
Investment Overview
Marcus & Millichap is pleased to exclusively present for purchase a development site in a Tier 1 TOC located at 1272, 1274, and 1276 W Court St. This rare offering consists of three consecutive parcels boasting approximately 21,021 square feet of land zoned R4(CW)-75/3-O. The lot currently consists of one empty single-family residence and one 50% occupied duplex.
This property is just a walking distance away from Vista Hermosa Natural Park, Angelina Preschool, Betty Plasencia Elementary School, and LA Downtown Medical Center. Additionally, direct access to Highway 101 and 110 along with proximity to Metro Red, Purple, A and E Metro lines allows residents to easily travel to the adjacent neighborhoods such as Koreatown, Silver Lake, Downtown, and Echo Park.
With the ability to adapt to changing market demands, generate rental income, and realize capital appreciation, these three lots stand as an enticing prospect for savvy developers seeking to capitalize on the positive trajectory of rapidly revitalizing submarkets in Los Angeles.
1272-1276 W Court St
Investment Highlights
- Approximately 150 feet of Frontage on W Court St
- Easy Access to Highways 101 and 110
- Rapidly Gentrifying Neighborhood
- Adjacent to Koreatown, Silver Lake, and Echo Park and Downtown LA
- Proximity to Metro Red, Purple, A, and E Lines
- +/-90 Units Development by Right
Exclusively Listed By
Financing By
Listing Price: $3,750,000
Investment Highlights
- Approximately 150 feet of Frontage on W Court St
- Easy Access to Highways 101 and 110
- Rapidly Gentrifying Neighborhood
- Adjacent to Koreatown, Silver Lake, and Echo Park and Downtown LA
- Proximity to Metro Red, Purple, A, and E Lines
- +/-90 Units Development by Right
Investment Overview
Marcus & Millichap is pleased to exclusively present for purchase a development site in a Tier 1 TOC located at 1272, 1274, and 1276 W Court St. This rare offering consists of three consecutive parcels boasting approximately 21,021 square feet of land zoned R4(CW)-75/3-O. The lot currently consists of one empty single-family residence and one 50% occupied duplex. This property is just a walking distance away from Vista Hermosa Natural Park, Angelina Preschool, Betty Plasencia Elementary School, and LA Downtown Medical Center. Additionally, direct access to Highway 101 and 110 along with proximity to Metro Red, Purple, A and E Metro lines allows residents to easily travel to the adjacent neighborhoods such as Koreatown, Silver Lake, Downtown, and Echo Park. With the ability to adapt to changing market demands, generate rental income, and realize capital appreciation, these three lots stand as an enticing prospect for savvy developers seeking to capitalize on the positive trajectory of rapidly revitalizing submarkets in Los Angeles.
Exclusively Listed By
Financing By
