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Assemblage of Three Parcels 3 Properties Offered at $2,990,000 in Los Angeles, CA
Investment Highlights
- Central Location – A short uber ride to Crypto.com Arena, Dodger Stadium, the Music Center, The Broad Museum, Echo Park, Chinatown, Little Tokyo
- Views – Stunning city light views of the Downtown Los Angeles skyline.
- Multi-family Zoning – Existing zoning allows high density multi-family communities.
- QCT – Site is within QCT designated areas that are sought after by affordable housing tax credit developers (Qualified Tracts Area per 2024 HUD map).
- Contiguous Parcels- A substantial plot of contiguous land, ideal for residential development projects
- TOC Tier 2 – City of Los Angeles Transit Oriented Communities Affordable Housing Incentive Program. Tier to be verified with current transportation se
Executive Summary
Central Location – A short uber ride to Crypto.com Arena, Dodger Stadium, the Music Center, The Broad Museum, Echo Park, Chinatown, Little Tokyo
Views – Stunning city light views of the Downtown Los Angeles skyline.
Emerging Area – Within a few blocks of the site there are close to 500 new units across 7 new apartment communities and even more beyond that
immediate area.
Contiguous Parcels- A substantial plot of contiguous land, ideal for residential development projects
Multi-family Zoning – Existing zoning allows high density multi-family communities.
TOC Tier 2 – City of Los Angeles Transit Oriented Communities Affordable Housing Incentive Program. Tier to be verified with current transportation
services.
QCT – Site is within QCT designated areas that are sought after by affordable housing tax credit developers (Qualified Tracts Area per 2024 HUD map).
Views – Stunning city light views of the Downtown Los Angeles skyline.
Emerging Area – Within a few blocks of the site there are close to 500 new units across 7 new apartment communities and even more beyond that
immediate area.
Contiguous Parcels- A substantial plot of contiguous land, ideal for residential development projects
Multi-family Zoning – Existing zoning allows high density multi-family communities.
TOC Tier 2 – City of Los Angeles Transit Oriented Communities Affordable Housing Incentive Program. Tier to be verified with current transportation
services.
QCT – Site is within QCT designated areas that are sought after by affordable housing tax credit developers (Qualified Tracts Area per 2024 HUD map).
Taxes & Operating Expenses (Pro Forma - 2026) |
Annual |
|---|---|
| Gross Rental Income |
$168,000
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$168,000
|
| Taxes |
-
|
| Operating Expenses |
-
|
| Total Expenses |
$40,000
|
| Net Operating Income |
$128,000
|
Taxes & Operating Expenses (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $168,000 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $168,000 |
| Taxes | |
|---|---|
| Annual | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $40,000 |
| Net Operating Income | |
|---|---|
| Annual | $128,000 |
Property Facts
| Price | $2,990,000 | Number of Properties | 3 |
| Price / SF | $557.42 / SF | Individually For Sale | 0 |
| Sale Condition | Bulk/Portfolio Sale | Total Building Size | 5,364 SF |
| Sale Type | Investment | Total Land Area | 0.50 AC |
| Status | Active |
| Price | $2,990,000 |
| Price / SF | $557.42 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 5,364 SF |
| Total Land Area | 0.50 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 311 Firmin st, Los Angeles, CA 90026 | Land | 0.17 AC | - | - |
| 1217 W Court St, Los Angeles, CA 90026 | Land | 0.17 AC | - | - |
| 1223 W Court St, Los Angeles, CA 90026 | Multifamily | 5,364 SF | 1962 | - |
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Assemblage of Three Parcels