$4,000,000
Spanning a combined lot area of approximately 19,026 square feet, the site is primarily zoned R5(CW), a high-density designation within the Central City West Specific Plan. This zoning, coupled with its eligibility for for TOC Tier 2 incentives along with CHIP, MIIP, AHIP, ED1 and various State/Local bonuses, allows for a significant increase in allowable density. The subject offering aligns with a separate offering for 1316 Linwood Ave., currently available with a total of 18,720 square feet, bridging all three parcels between the subject lots. The total available assemblage spans approximately 37,746 square feet, nearly the entire north side of the city block, allowing for an immense high-visibility project across all six lots. Please contact the Listing Team for further information on the assemblage opportunity. The property is situated adjacent to the Financial District's major employment hubs. Residents will be steps away from the world-class entertainment and retail at L.A. Live and the Crypto.com Arena, as well as the diverse dining scenes of both DTLA and Echo Park. As City West continues its rapid evolution into a vibrant residential corridor, this site stands at the epicenter of growth. Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room.
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Listed by Adam Peterson with CB Richard Ellis, Inc.
Property Type
Land
Status
Active
MLS Number
26672525
Year Built
N/A
Lot Size
0.44 acres