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    1269 Lyman Pl Los Angeles, CA 90029

    For Sale
    $3,000,000

    9,680 sq ft Redevelopment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 9,680 square foot commercial land parcel, located at 1269 Lyman Pl, Los Angeles, CA 90029 (APN 5542-018-012), presents a unique redevelopment opportunity. Zoned C2-CSA1 (Tier 3), this property is part of the East Hollywood SNAP Plan, allowing for a 3.0:1 Floor Area Ratio (FAR). Its adjacency to Hollywood Presbyterian Medical Center and proximity to Children's Hospital Los Angeles and Kaiser Permanente Medical Center, coupled with the potential for increased FAR (4.5:1 with a 200ft height limit) specifically for hospital development, makes this an attractive investment. The site boasts convenient access to public transportation, including the Metro Rail Red Line at Vermont and Sunset, and the 101 Hollywood Freeway, ensuring excellent connectivity. The asking price is $3,000,000. This vacant lot offers significant potential for a variety of commercial developments, capitalizing on its prime location and advantageous zoning regulations. Serious inquiries only.

    Property Features for 1269 Lyman Pl

    General Information

    Property type
    Land

    HighLights

    • 9,680 SF commercial land parcel at 1269 Lyman Pl, Los Angeles, CA 90029 (APN 5542‑018‑012).
    • C2‑CSA1 (Tier 3) zoning, part of the East Hollywood SNAP Plan, allowing a 3.0:1 FAR, with potential for increased FAR (4.5:1) for hospital development.
    • Excellent location near Hollywood Presbyterian Medical Center, Children's Hospital Los Angeles, and Kaiser Permanente Medical Center.
    • Convenient access to public transportation (Metro Red Line, 101 Freeway).
    • $3,000,000 asking price.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -118.2888264
    Latitude
    34.0952787

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    FAQs

    What type of property is this?
    Land - 9,680 sq ft Redevelopment Opportunity
    Where is this land located?
    The property is located at 1269 Lyman Pl Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: 9,680 SF commercial land parcel at 1269 Lyman Pl, Los Angeles, CA 90029 (APN 5542-018-012).; C2-CSA1 (Tier 3) zoning, part of the East Hollywood SNAP Plan, allowing a 3.0:1 FAR, with potential for increased FAR (4.5:1) for hospital development.; Excellent location near Hollywood Presbyterian Medical Center, Children's Hospital Los Angeles, and Kaiser Permanente Medical Center.
    (213) 251-9000
    Request Owner's contact information
    1269 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
    1269 Lyman Pl Los Angeles, CA 90029
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