24
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$17,500,000
Est. payment /mo
1.03 Acres Lot
Price Dropped by $2.0M
1247 W 7th Los Angeles, CA 90017
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID TR26134876
Lot Size 1.034 Acres
Property Sub-Type Lots/Land
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.
Location
State CA
County Los Angeles
Direction W on Wilshire, S on Lucas, W on 7th St. Subject land is on right hand side
Interior
Fireplace No
Exterior
View Y/N No
Others
Senior Community No
Tax ID 5143020020
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Listed by Yang Tang, DRE#02129834 Harvest Realty Development
NEARBY SCHOOL & BUSINESS
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