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$ 2,500,000
Est. payment | /mo
3 Beds
1 Bath
1,667 SqFt
$ 2,500,000
Est. payment | /mo
3 Beds
1 Bath
1,667 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 1,667 sqft
Price per Sqft $1,499
MLS Listing ID 25505155
Bedrooms 3
HOA Y/N No
Year Built 1920
Lot Size 6,242 Sqft
Property Description
Unlock the potential of this prime redevelopment opportunity at 1517 W 12th St, Los Angeles, CA 90015. Situated in the heart of Downtown LA's Pico-Union neighborhood, this 6,242 square-foot lot currently features a vacant 1,667 square-foot single-family home built in 1920, ready for transformation. Fully entitled and permitted for a seven-story, 26-unit multifamily building, this project comes with approved permits in hand, allowing developers to break ground immediately. The plans include 18 parking stalls, 22 market-rate units, and four designated affordable housing units, making it an attractive investment in a high-demand rental market. Located just moments from Crypto Arena, LA Live, and the Los Angeles Convention Center, the property offers unbeatable access to the city's top entertainment, business, and transportation hubs. With close proximity to public transit and major freeways, future residents will enjoy seamless connectivity throughout the city. This shovel-ready project presents an incredible opportunity for developers, investors, and builders looking to bring a modern multifamily vision to life in one of Los Angeles' most dynamic and rapidly growing neighborhoods. Don't miss this rare chance to capitalize on LA's booming real estate market--contact us today for full plans and details.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR4
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 2
Building
Story 1
Entry Level One
Level or Stories One
New Construction No
Others
Senior Community No
Tax ID 5137025022
Special Listing Condition Standard
Listed by Andrew Malekie • Link Brokerages
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "