1272-1276 Court St Los Angeles, CA 90026

Property Details for 1272-1276 Court St

Property size

21,021 SF

Property type

Apartment buildings

Description

This exceptional multifamily investment opportunity presents a 21,021 square foot apartment building located at 1272-1276 W Court Street, Los Angeles, CA 90026. The property boasts an attractive asking price of $3,400,000, translating to $162 per square foot. Situated in a rapidly gentrifying neighborhood, this R4 (CW) - 75/3-0 zoned property offers significant upside potential. The building features approximately 150 feet of frontage on W Court Street, providing excellent visibility and accessibility. Its convenient location offers easy access to major highways 101 and 110, as well as walking distance to schools, restaurants, shopping, and nightlife. Public transportation is readily available with direct access to the Metro Red, Purple, A, and E lines. The property's proximity to Koreatown, Silver Lake, Echo Park, and Downtown LA further enhances its desirability. A key advantage is the substantial development potential. Existing entitlements and architectural plans are available for a 165-unit, six-story Type II A building over a one-story Type I structure. These comprehensive plans include detailed floor plans, sections, elevations, project information, and site plans, streamlining the development process. The APN numbers are 5160-019-032, 5160-019-031, and 5160-019-030. This property represents a rare combination of immediate income generation and significant long-term growth potential in a highly sought-after Los Angeles location.