1401 Court Street,  Los Angeles CA, 90026 (Land Lot)

Status: Sold
MLS#: 14815563
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Last Updated: 12/8/2016 5:21 PM
Description for 1401 Court Street Los Angeles, CA 90026
Opportunity to develop 4 units in uber cool Echo Park south of the 101. The build site is a corner lot with alley access which is appx 6,000 SF zoned R4. Plans call for the development of 4 units no greater than two stories with on grade parking. There will be (2) structures, each structure will contain two 3bd/2ba apts. with balconies and views. Each unit is 1,211 Sq Ft. There are 4 garage spaces and carport. ***Rents are rising and this development will enable the savvy developer to get to market before the larger projects do. Estimated rents for three bedroom units in the area are easily $2,500 month, but much closer to $3,000 per month. That means an estimated $120,000 in gross rental income! Reports and drawings available. See link in Showing Remarks Agents! THERE ARE NO OIL WELLS ON LOT!
Price
Sold Price:

Sold Date:01/28/2015
Los Angeles
14815563
Closed
Description
Opportunity to develop 4 units in uber cool Echo Park south of the 101. The build site is a corner lot with alley access which is appx 6,000 SF zoned R4. Plans call for the development of 4 units no greater than two stories with on grade parking. There will be (2) structures, each structure will contain two 3bd/2ba apts. with balconies and views. Each unit is 1,211 Sq Ft. There are 4 garage spaces and carport. ***Rents are rising and this development will enable the savvy developer to get to market before the larger projects do. Estimated rents for three bedroom units in the area are easily $2,500 month, but much closer to $3,000 per month. That means an estimated $120,000 in gross rental income! Reports and drawings available. See link in Showing Remarks Agents! THERE ARE NO OIL WELLS ON LOT!
Listing Information
Property Type: Land
0.14 Acres
Neighborhood
Room Information
Exterior / Lot Features
City
43X140
LACW(R4)
Raw La
Financial Considerations
5160009015
Listing Price History

Los Angeles Real Estate

Los Angeles is located in California. Los Angeles, California 90026 has a population of 3,804,503.

The median household income in Los Angeles, California 90026 is $49,745. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Los Angeles 90026 is 34.1 years.

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Courtesy: Keller Williams Beverly Hills Shawn S. Kormondy
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