Prime development opportunity located on West Court Street in the Greater Echo Park Elysian neighborhood within the Westlake District. This central location is walkable to Vista Hermosa Natural Park, provides easy access to US-101 and U-110, and is within one mile of Downtown Los Angeles, Echo Park, and Silverlake. The subject property consists of three consecutive parcels totaling 21, 021 square feet and is zoned R4(CW)-75/3-0 in a Tier 1 TOC, providing significant density increase benefits for the development of up to 78 apartment units. The site currently consists of two single-family residences and a duplex. W Court Street is not subject to JJJ and is located in the Central City West Specific Plan and the Los Angeles State Enterprise Zone. The property offers incredible views of the Downtown skyline and surrounding vistas.The Westlake area is rapidly gentrifying and experiencing an influx of new developments, including five recent projects within walking distance of the subject property. Court Street is close to the local bus lines and Metro Red, Purple, A, and E Lines, allowing for a fast commute to many neighborhoods in Los Angeles. The close proximity to schools, transit, restaurants, nightlife, and shopping, this location makes it convenient for residents to commute through the city even without a vehicle.
- Price per Sqft: $189
- Lot Size: 21,021 SqFt
- Acreage: 0.1600
- County: Los Angeles
- Area: 671 - Silver Lake
Directions: Located between Colton St & W Temple St
Listing courtesy of Marcus & Millichap