The Los Angeles real estate market continues to present incredible opportunities for developers, and we’re excited to share two newly listed land development sites that offer great potential for the right buyer. If you’re looking to invest in land with the potential for multi-unit development, these properties could be exactly what you’ve been searching for.
1. 3641 Motor Ave – Palms Neighborhood
Located in the thriving Palms neighborhood, this site is perfect for a developer looking to break ground on a residential project. The property is permit-ready for a 30-unit development, offering a great starting point for a new project. But that’s not all—thanks to the local density bonus rules, the site can be expanded to accommodate up to 63 units. This flexibility allows for a larger development, maximizing the property’s potential while adhering to local zoning laws.
2. 1411-1415 Court Street – Echo Park Adjacent
This 12,014 square-foot lot is situated in a highly sought-after location near Echo Park, offering another promising opportunity for developers. The property supports the construction of up to 66 units (though it is not yet RTI, or ready-to-issue). With its prime location and sizable land area, this site holds incredible potential for a residential development in a vibrant and growing part of LA.
Why These Sites?
Both properties are located in neighborhoods that are experiencing significant growth and demand, making them highly attractive for developers looking to capitalize on the area’s potential. The flexibility with density bonuses and the ability to maximize the number of units makes these sites particularly appealing for long-term investment.
Get More Information
If you’re interested in learning more about these properties or would like to receive a market analysis for your own development site, please don’t hesitate to reach out. These kinds of opportunities don’t come around often, and we’d love to help you explore how these sites can align with your development goals.
Feel free to contact me directly for more details, or if you have any questions about other real estate opportunities in the Los Angeles area.
New Land Development Opportunities in Los Angeles: Two Prime Sites Now Listed
