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$ 19,500,000
Est. payment /mo
New
1247 W 7th Los Angeles, CA 90017
1.03 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26134876
HOA Y/N No
Lot Size 1.034 Acres
Property Description
Exceptional DTLA Development Opportunity! Rare offering of two contiguous parcels totaling approximately 45,041 square feet in the highly sought-after Central City West / Westlake area of Downtown Los Angeles. APNs: 5143-020-013 and 5143-020-020.
Located in one of Los Angeles' fastest-growing urban neighborhoods, this premier site offers tremendous potential for future mixed-use or residential redevelopment. The property previously underwent an extensive planning and design process, and conceptual plans for a high-rise mixed-use residential project are available for review. While prior approvals have expired, the existing studies and plans may provide valuable insight for developers pursuing a new entitlement process.
Ideally situated near LA Live, Crypto.com Arena, the Financial District, major employment centers, dining, entertainment, and public transportation, the location boasts a Walk Score of 93 ("Walker's Paradise") and Transit Score of 95 ("Rider's Paradise"). Surrounded by ongoing redevelopment and new construction, this is a unique opportunity to secure a sizeable development site in the heart of DTLA.
Located in one of Los Angeles' fastest-growing urban neighborhoods, this premier site offers tremendous potential for future mixed-use or residential redevelopment. The property previously underwent an extensive planning and design process, and conceptual plans for a high-rise mixed-use residential project are available for review. While prior approvals have expired, the existing studies and plans may provide valuable insight for developers pursuing a new entitlement process.
Ideally situated near LA Live, Crypto.com Arena, the Financial District, major employment centers, dining, entertainment, and public transportation, the location boasts a Walk Score of 93 ("Walker's Paradise") and Transit Score of 95 ("Rider's Paradise"). Surrounded by ongoing redevelopment and new construction, this is a unique opportunity to secure a sizeable development site in the heart of DTLA.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning C4/CW
Interior
Fireplace No
Exterior
Community Features Sidewalks
View Y/N Yes
View City Lights
Present Use Parking Lot
Building
Lot Description Flag Lot
Water Other
New Construction No
Others
Senior Community No
Tax ID 5143020020
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Special Listing Condition Standard
Listed by Yang Tang Harvest Realty Development 909-289-5660, DRE #02129834