1411-1415 Court Street

46 Unit Development Opportunity in Echo Park 

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Property

BY RIGHT

Zoning

"By-right Density"

Height Limit

Max. Floor Area Ratio

Buildable Units "By right"

Parking Required

PROPOSED PROJECT (TOC TIER 1)

Proposed Units

Height

Gross Floor Area

Type 1A Floor Area

Parking Provided

Summary

CW

1 dwelling unit/400 SF

45 FT

3 : 1

3

70

46

72 FT

34,376 SF

15,563 SF

48 Spaces

 

SNAPSHOT

12,040 Land SF

TOC Tier 1

46 Entitled Units

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Overview

Prime RTI Development Opportunity

1411-1415 W Court Street will be delivered with Ready to Issue (RTI) Permits for a 46 unit multifamily project.

Opportunity to build almost immediately

Ownership is approximately 60 days from RTI. Buyer to be responsible for cost of pulling permits after the close of escrow.

Excellent Visibility and Access

The property is comprised of two contiguous lots with approximately 86 feet of frontage along Court Street and 20 feet of rear alley access connecting Patton Street and Douglas Street.

Thoughtfully Designed Project

The plans call for an excellent unit mix of (19) Studios, (3) 1 Bed, 1 Bath, (9) 2 Bed, 1 Bath, (5) 3 Bed, 3 Bath, and (10) 4 Bed, 3 Bath units. The project also includes an innovative and cost efficient puzzle parking system, eliminating the need for an additional level of subterranean parking.

Irreplaceable South Echo Park Location

South Echo Park is quickly becoming one of the most exciting neighborhoods in Los Angeles. A vibrant walkable district with a combination of several brand new developments and boutique retail and dining, South Echo Park is emerging as rapidly as any other in Los Angeles.

Proximity to Major Employment Centers

The property sits just west of Downtown LA and just southeast of the barrage of high profile office buildings in Koreatown and Hollywood.

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Joshua S. Ross

Senior Vice President Investments

Director, National Multi-Housing Group

Direct 818.212.2650

Cell 310.689.6465

Jross@marcusmillichap.com 

License CA 01918715

Eli Appel

First Vice President Investments

National Multi-Housing Group

Direct 818.212.2707

Cell 818.390.4181

Eli.Appel@marcusmillichap.com

License CA 01918652

Filip Niculete

Senior Vice President Investments

Senior Director, National Multifamily Group

Tel: (818) 212-2748

Cell: (818) 577-9893

Filip.Niculete@marcusmillichap.com

Glen Scher

Senior Vice President Investments

Director, National Multihousing Group

Tel: (818) 212-2808

Cell: (818) 577-9893

Glen.Scher@marcusmillichap.com

Brandon Evans

Associate

Director, National Land Group

Tel: (818) 212-2699

Cell: (805) 814-9070

Brandon.Evans@marcusmillichap.com

 
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