1272 W Court Street, Los Angeles, California 90026, Los Angeles, 90026 - 2 bed, 1 bath
ACTIVE$1,000,000$1,250/sqft
Est. Value: $974,469
-2%
FairlyEstimate
1272 W Court Street, Los Angeles, California 90026
2Beds
1Bath
1,250Sqft
7,006Lot
Price Vs. Estimate
The estimated value ($974,468.545) is $25,531.455 (2%) lower than the list price ($1,000,000). This property may be overpriced.
Key pros and cons
Top Pros:
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7006, living area = 1250.
Top Cons:
Obsolete Existing Structure: The 1890-built, 2-bed, 1-bath, 1250 sqft home is likely at the end of its useful life for modern living standards, necessitating demolition or extensive, costly renovation for any significant value-add.
Compared to the nearby listings
Price:$1.00M vs avg $1.51M ($-506,607.5)15%
Size:1,250 sqft vs avg 1,577.5 sqft30%
Price/sqft:$800 vs avg $96035%
More Insights
Built in 1890 (136 years old).
Condition: Built in 1890, the property's description explicitly states the existing structure is 'obsolete' and 'likely at the end of its useful life for modern living standards, necessitating demolition or extensive, costly renovation.' The listing heavily emphasizes the land's redevelopment potential (R4 zoning for multifamily construction) and the possibility of assemblage with adjacent parcels, indicating the value is primarily in the land. The exterior image shows a very old, unmaintained structure consistent with this assessment.
Year Built
1890
Close
-
List price
$1M
Original List price
$1M
Price/Sqft
$800
HOA
-
Days on market
-
Sold On
-
MLS number
P1-25362
Home ConditionTear down
Features
View-
About this home
Redevelop the site or renovate existing home on an approx. 7,000 SF lot in an emerging pocket just west of Downtown Los Angeles. The R4(CW)-75/3-0 zoning (400 SF of land per dwelling unit, 75' height limit, 3.0 FAR) offers broad flexibility and excellent redevelopment potential. Surrounded by neighborhood amenities, restaurants, and transit options, the property is well-suited for investors pursuing ground-up multifamily construction, a value-add renovation, or a custom long-term hold. A rare urban infill opportunity in a high-demand, rapidly improving submarket. Assemblage Potential - Adjacent parcels (1274 & 1276 W Court St) are available to create a larger combined 0.48-acre development site. See offering memorandum and inquire with agent. Don't miss this opportunity!Current tenant scheduled to vacate by June 1, 2026
R
Roger Phillips
Listing Agent
Nearby schools
4/10
Betty Plasencia Elementary School
Public,•K-6•0.2mi
3/10
Gratts Learning Academy For Young Scholars (Glays)
Public,•K-6•0.5mi
/10
Lake Street Primary School
Public,•K-1•0.9mi
6/10
Castelar Street Elementary School
Public,•K-5•0.9mi
5/10
Rosemont Avenue Elementary School
Public,•K-5•1.0mi
2/10
Mayberry Street Elementary School
Public,•K-6•1.5mi
7/10
Solano Avenue Elementary School
Public,•K-6•1.6mi
8/10
Clifford Street Elementary School
Public,•K-6•1.8mi
3/10
Elysian Heights Elementary School
Public,•K-6•1.8mi
5/10
Micheltorena Street Elementary School
Public,•K-5•2.0mi
7/10
Dorris Place Elementary School
Public,•K-6•2.1mi
8/10
Allesandro Elementary School
Public,•K-6•2.6mi
3/10
Sal Castro Middle School
Public,•6-8•0.4mi
2/10
Logan Street Elementary School
Public,•K-8•1.0mi
5/10
Virgil Middle School
Public,•6-8•2.1mi
6/10
Thomas Starr King Middle School
Public,•6-8•2.6mi
5/10
Florence Nightingale Middle School
Public,•6-8•2.7mi
6/10
Irving STEAM Magnet
Public,•6-8•3.8mi
3/10
Belmont Senior High School
Public,•9-12•0.4mi
8/10
John Marshall Senior High School
Public,•9-12•3.3mi
Condition Rating
Tear down
Built in 1890, the property's description explicitly states the existing structure is 'obsolete' and 'likely at the end of its useful life for modern living standards, necessitating demolition or extensive, costly renovation.' The listing heavily emphasizes the land's redevelopment potential (R4 zoning for multifamily construction) and the possibility of assemblage with adjacent parcels, indicating the value is primarily in the land. The exterior image shows a very old, unmaintained structure consistent with this assessment.
Pros & Cons
Pros
High Available Lot Utilization: The property has a large lot size, which is more than 4 times of its living area. lot size in square feet = 7006, living area = 1250.
Exceptional Redevelopment Potential: The R4(CW)-75/3-0 zoning (400 SF/DU, 75' height, 3.0 FAR) provides broad flexibility and excellent potential for ground-up multifamily construction in a high-demand urban infill location.
Strategic & Improving Location: Situated in an emerging pocket just west of Downtown Los Angeles, the property benefits from proximity to neighborhood amenities, restaurants, transit options, and a rapidly improving submarket.
Assemblage Opportunity: The availability of adjacent parcels (1274 & 1276 W Court St) allows for the creation of a larger 0.48-acre development site, significantly enhancing the scope and value of potential projects.
Versatile Investment Profile: This property offers diverse investment strategies, suitable for ground-up multifamily construction, a value-add renovation, or a long-term hold, appealing to a wide range of investors.
Ample Lot Size for Development: The generous 7,000 SF lot provides substantial space, which is highly desirable for maximizing the R4 zoning's development capacity in a dense urban environment.
Cons
Obsolete Existing Structure: The 1890-built, 2-bed, 1-bath, 1250 sqft home is likely at the end of its useful life for modern living standards, necessitating demolition or extensive, costly renovation for any significant value-add.
Extended Tenant Occupancy: The current tenant is scheduled to vacate by June 1, 2026, imposing a significant holding period and delaying immediate access for redevelopment or renovation plans.
High Capital Requirement for Full Potential: Realizing the full redevelopment potential, especially with assemblage, will require a substantial capital investment, potentially narrowing the pool of eligible buyers to well-funded developers.