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.
|
DAYS ON MARKET
|
32
|
LAST UPDATED
|
3/10/2025
|
|
YEAR BUILT
|
1920
|
COMMUNITY
|
Downtown L.A.
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
|
Prior to Mar 10, '25
|
$2,500,000
|
| Mar 10, '25 - Today |
$1,750,000 |
| AIR |
None |
| AREA |
Downtown L.A. |
| GARAGE |
None |
| HEAT |
None |
| LOT |
6244 sq ft |
| PARKING |
None |
| STORIES |
1 |
| ZONING |
LAR4 |
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Listed with Link Brokerages
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/1/25 11:19 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
This IDX solution is (c) Diverse Solutions 2025.
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