855.375.4001
Listing Courtesy of: Roger Phillips - Keller Williams Realty
$2,400,000 affordable loan icon Calculate Payment

1223 W Court Street Los Angeles, CA 90026

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Industrial Residence
Beds
Baths
... Bed/Bath
5,364 Sq. Ft.

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Last updated on 1/19/2025 7:27 PM
Emerging Area - Multi-family Property For Sale - 21,750 Sq. Ft. Contiguous Land!This incredible assemblage of three parcels (APN 5160-022-034, 035, 036) total 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 cur...rently 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. Residentially dense zoning, described below, allows for many development strategies for the three parcels all while generating cashflow from the existing rental units. Possible development examples: Add units to the existing apartment site under current zoning or ADU legislation. Build new units on vacant parcels. Demolish existing building and develop entire acreage Land bank vacant lots for future developmentZoning: R4(CW)-75/3-0 (Density 400 SF of Land/Dwelling Unit, 75' Height Limit, 3.0 FAR)Key Highlights:Central Location - A short uber ride to Crypto.com Arena, Dodger Stadium, the Music Center, The Bro Continue reading
MLS#
CRP1-18664
Property Type
Industrial
Year Built
1962
Square Feet
5,364 sq. ft

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Listing Courtesy of: Roger Phillips - Keller Williams Realty

Barbara Lynn Simmons, CALBRE 637579, Xome Inc., CALBRE 1932600, [email protected], 844-400-XOME (9663), 2945 Townsgate Road, Suite 200, Westlake Village, CA 91361


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This content last refreshed on 1/19/2025 7:27 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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