Property profile

311 Firmin St Los Angeles, CA 90026

OFF-MARKET
Land
Property ID
US10-1539810
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Property summary

AI-generated overview

This exceptional 7,259 square foot lot presents a compelling investment opportunity in Los Angeles's burgeoning Westlake neighborhood. Located at 311 Firmin St, Los Angeles, CA 90026, this R4(CW)-75/3-0 zoned parcel offers significant potential for high-density residential development. The area has seen substantial revitalization in recent years, with hundreds of new residential units constructed nearby. The property boasts stunning city light views of the Downtown Los Angeles skyline and is conveniently located near major attractions including Crypto.com Arena, Dodger Stadium, and cultural institutions. Priced at $700,000 ($96.43 per square foot), this site is an attractive proposition for developers seeking to capitalize on the area's growth. The property's APN is 5160-022-036. The lot can be purchased individually or combined with adjacent parcels (APN 5160-022-034 and -035) for a larger development project. The existing zoning allows for multi-family communities, and the property qualifies for the City of Los Angeles Transit Oriented Communities Affordable Housing Incentive Program (Tier 2, verification required). Buyer is responsible for verifying all information and square footage.

Property profile

Verified
Property type Land
UPID US10-1539810

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

311 Firmin St Los Angeles, CA 90026
Los Angeles metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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