Location: Los Angeles, CA
Website: propertpanel.la
The City of Los Angeles -- on behalf of its residents and taxpayers -- owns a vast portfolio of real estate, encompassing nearly 9,000 distinct parcels located within the County of Los Angeles. These include parks; libraries; municipal facilities; parking lots, and commercial, industrial, retail, office and residential buildings and vacant land. Some are small; some are very large. L.A.’s real estate holdings also include land at and around our airports, the Port of L.A. and properties owned by our nation’s largest municipally owned utility, the Dept. of Water & Power. The City has additional holdings in other California counties and outside the State.
Properties owned by the City serve many community needs and benefits. There are, however, many properties that are underutilized, and which could better serve the public -- be it as public space, revenue-producing income property, low-income housing … and much more. Some properties might benefit from being re-purposed by the City, while others could generate more value for Angelenos by being leased, sold or developed by the City, or in public/private partnerships. PropertyPanel.LA is intended as an informational tool, as a resource and as a call to action for the City to undertake a more organized, professional and strategic approach to our valuable shared public assets.
“Now everyone can know what we all own a piece of,” said Controller Galperin. “The extent of the holdings revealed by this map shows that we as a City have the opportunity to engage in widespread economic and community development, as well as to generate revenue for much-needed City services.
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