2113 W Court Street, Los Angeles, California 90026, Los Angeles, 90026 - 3 bed, 2 bath
ACTIVE$1,500,000
2113 W Court Street, Los Angeles, California 90026
3Beds
2Baths
1,517Sqft
6,654Lot
Year Built
1905
Close
-
List price
$1.5M
Original List price
$1.5M
Price/Sqft
$989
HOA
-
Days on market
-
Sold On
-
MLS number
OC24249744
Home ConditionTear down
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $1.50M(91th), sqft - 1517(18th), beds - 3(73th), baths - 2(73th).
Great Investment Opportunity to build your apartments or condos only five minutes to Downtown Los Angeles. Zoned LAR4. Lot dimensions 41x163ft. Off Temple and Alvarado close to all major freeways, 101, 110, 60, 10 and 5 Freeways. In Historic Filipino town between Silver Lake and Echo Park.
Nearby schools
5/10
Rosemont Avenue Elementary School
Public,•K-5•0.2mi
/10
Lake Street Primary School
Public,•K-1•0.2mi
5/10
Union Avenue Elementary School
Public,•K-5•0.4mi
/10
Lafayette Park Primary Center
Public,•K•0.7mi
4/10
Betty Plasencia Elementary School
Public,•K-6•0.8mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.9mi
5/10
Commonwealth Avenue Elementary School
Public,•K-5•1.0mi
3/10
Sal Castro Middle School
Public,•6-8•0.7mi
5/10
Virgil Middle School
Public,•6-8•1.3mi
3/10
Belmont Senior High School
Public,•9-12•0.7mi
Condition Rating
Tear down
Built in 1905, this property is 119 years old. The listing explicitly markets it as an 'Investment Opportunity to build your apartments or condos' and notes the 'Age of Structure' as a weakness, stating it's 'likely requiring extensive renovation or demolition.' There are no interior images or details about any recent renovations. The property's value is clearly based on the land and its redevelopment potential (LAR4 zoning), indicating the existing structures are beyond practical repair for modern living and are considered unlivable in their current state without significant investment.
Pros & Cons
Pros
Development Potential: The property is zoned LAR4, explicitly advertised as a 'Great Investment Opportunity to build your apartments or condos,' indicating significant multi-unit development potential.
Prime Location: Strategically located 'only five minutes to Downtown Los Angeles,' offering excellent access to a major employment hub, entertainment, and amenities.
Exceptional Accessibility: Boasts proximity to all major freeways (101, 110, 60, 10, and 5), ensuring convenient transportation throughout the greater Los Angeles area.
Desirable Neighborhood: Situated in Historic Filipino town, nestled between the highly sought-after Silver Lake and Echo Park neighborhoods, known for their vibrant culture and amenities.
Existing Income Property: Currently a duplex, providing immediate residential income which can help offset holding costs during the planning and permitting phases for future development.
Cons
Age of Structure: Built in 1905, the existing duplex is very old, likely requiring extensive renovation or demolition, adding significant costs to any redevelopment project.
High Land Value Price Point: The $1.5 million list price primarily reflects the land's development potential rather than the existing structure's value, requiring a substantial capital outlay for the land alone before construction costs.
Lack of Views: The property description indicates 'view: None,' which could be a missed opportunity for a property in a Los Angeles hillside area and may limit appeal for some future residents or buyers.