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    1265 Lyman Pl Los Angeles, CA 90029

    For Sale
    $700,000

    Prime 3,300 sq ft lot, near hospitals & Metro.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional 3,300 square foot commercial development land parcel, located at 1265 Lyman Place in Los Angeles, CA 90029 (APN 5542-018-013), presents a unique redevelopment opportunity. Zoned RD1.5-XL (Tier 3), this vacant lot is ideally situated adjacent to the Hollywood Presbyterian Medical Center, offering immediate proximity to a significant healthcare hub. The property benefits from its location within walking distance of Children's Hospital Los Angeles and Kaiser Permanente Medical Center, ensuring high foot traffic and potential for various commercial ventures. Furthermore, convenient access to public transportation is provided by its proximity to the Metro Rail (Red Line) at Vermont and Sunset, and the 101 Hollywood Freeway offers easy vehicular access. This property is available for purchase at $700,000 and can be acquired alongside the adjacent property at 1269 Lyman Place, presenting a potential for larger-scale development. This prime location and flexible zoning make this an exceptional investment opportunity for developers seeking a high-impact project in a thriving Los Angeles neighborhood.

    Property Features for 1265 Lyman Pl

    General Information

    Property type
    Land

    HighLights

    • 3,300 square foot commercial development land parcel in Los Angeles, CA.
    • Located at 1265 Lyman Place, APN 5542‑018‑013, zoned RD1.5‑XL (Tier 3).
    • Adjacent to Hollywood Presbyterian Medical Center, near Children's Hospital Los Angeles and Kaiser Permanente.
    • Excellent access to public transportation (Metro Rail Red Line) and the 101 Freeway.
    • Offered at $700,000, with potential for acquisition with adjacent property at 1269 Lyman Place.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    CHA Global Center ... Student Dormitory

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.2889085
    Latitude
    34.0949852

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    FAQs

    What type of property is this?
    Land - Prime 3,300 sq ft lot, near hospitals & Metro.
    Where is this land located?
    The property is located at 1265 Lyman Pl Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $700,000.
    What are key features of this property?
    This property features: 3,300 square foot commercial development land parcel in Los Angeles, CA.; Located at 1265 Lyman Place, APN 5542-018-013, zoned RD1.5-XL (Tier 3).; Adjacent to Hollywood Presbyterian Medical Center, near Children's Hospital Los Angeles and Kaiser Permanente.
    (213) 251-9000
    Request Owner's contact information
    1265 Lyman Pl Los Angeles, CA 90029
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    Los Angeles, CA 90029
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1265 Lyman Pl Los Angeles, CA 90029
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