That choice vacant lot around the corner from your house may be a Los Angeles property listed on a new city website.
City Controller Ron Galperin on Thursday released PropertyPanel.LA, the most sweeping map ever made of city properties. He also called upon city officials to hire an asset manager to oversee 9,000 holdings.
“Now everyone can know what we all own a piece of,” said Galperin, in a statement. “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.”
The controller said he released the information to enable Los Angeles to capitalize on its real estate holdings, which range from police, fire stations, pools and parks to commercial, residential and industrial buildings and vacant land.
The new city map employs data from the Los Angeles County Assessor and the City’s General Services Department to illustrate the city’s roughly 9,000 parcels, including land around LAX and the Port of L.A. and properties owned by the Dept. of Water & Power. Go to www.propertypanel.la.
Galperin said he plans to update the list to include city holdings outside Los Angeles County.
The controller, who has a background in real estate law, said city properties serve many needs, but are underused and could better serve the public as public space, revenue-producing income property and low-income housing.
He said some properties might benefit from being re-purposed by the city, while others could generate more value by being leased, sold or developed through public/private partnerships.
“PropertyPanel.LA is intended as an informational tool, as a resource,” Galperin said, “and as a call to action for the City to undertake a more organized, professional and strategic approach to our valuable shared public assets.”
On Wednesday, the city enacted a sweeping job creation plan that called for a similar database of city-owned properties.