1411-1415 W Court St

02-08-2022
05-24-2022

1411 W Court St, Los Angeles, CA 90026

  • 46 Unit Project Delivered RTI
  • Approximately 60 Days to RTI
  • A+ South Echo Park Location
  • Sellers Spent 2 Years on Permits
  • Rooftop w/ Downtown LA Views
  • Only One Level of Subterranean
  • Perfect 100 Transit Score

Property Description

Marcus & Millichap is pleased to present 1411-1415 W Court Street, a fully RTI 46 unit development opportunity located in South Echo Park, primed for a skyline view of Downtown Los Angeles. 1411-1415 W Court Street is situated on 12,040 square feet of land zoned LACW. The plans call for an excellent unit mix of (19) Studios, (3) 1 Bed, 1 Bath, (9) 2 Bed, 1 Bath, (5) 3 Bed, 3 Bath, and (10) 4 Bed, 3 Bath units.

1411-1415 W Court Street is a rare opportunity comprised of two contiguous lots improved with a duplex and five unit apartment building to be demolished. The lot boasts 12,040 square feet of land zoned CW (Central City West) with rear alley access that connects from Patton Street to Douglas Street. The property is located just east of Glendale Boulevard and just south of the 101 freeway, providing easy access to Downtown Los Angeles and Echo Park, one of the trendiest neighborhoods in Los Angeles.

1411-1415 W Court Street is fully entitled and will be delivered with Ready to Issue (RTI) Permits for a thoughtfully designed 46 unit apartment building. The building will include an innovative and cost efficient puzzle parking system, providing ample parking while eliminating the need for an additional level of subterranean parking. The plans also call for an excellent unit mix of (19) Studios, (3) 1 Bed, 1 Bath, (9) 2 Bed, 1 Bath, (5) 3 Bed, 3 Bath, and (10) 4 Bed, 3 Bath units.

South Echo Park is quickly becoming one of the most exciting neighborhoods in Los Angeles. A vibrant walkable district with a combination of several brand new developments and boutique retail and dining, South Echo Park is emerging as rapidly as any other in Los Angeles. The immediate area is specifically targeted by young professionals due its extremely close proximity to Downtown Los Angeles, Echo Park, Silverlake, Westlake, and Koreatown.

Key Property Information

Listing Status
Available
Price
$ 5,600,000
Lot Size
12040 sq ft
Zoning Code
CW, TOC-1
Opportunity Zone
No
Price per unit
$ 0
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34.065138, -118.258474

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