Discover the potential of this exceptional redevelopment opportunity at 1517 W 12th St, Los Angeles, CA 90015. Located in the vibrant Pico-Union neighborhood of Downtown LA, this 6,242 sq ft lot currently houses a vacant 1,667 sq ft single-family home built in 1920-primed for transformation. The property is fully entitled and permitted for a modern seven-story, 26-unit multifamily development, with all approvals and permits in place, allowing construction to begin immediately. The approved plans include:26 residential units (22 market-rate and 4 affordable) and 18 on-site parking spaces strategically positioned just minutes from Crypto.com Arena, LA Live, and the Los Angeles Convention Center, this location offers unbeatable access to entertainment, employment, and transportation hubs. With excellent connectivity via public transit and major freeways, future residents will enjoy seamless access throughout Los Angeles. This shovel-ready project is a rare find for developers, investors, and builders seeking to deliver a high-demand multifamily community in one of LA's fastest-growing neighborhoods. Don't miss this prime opportunity to tap into Los Angeles' thriving real estate market. Contact me today for full plans and additional details.
|
DAYS ON MARKET
|
10
|
LAST UPDATED
|
4/14/2025
|
|
YEAR BUILT
|
1920
|
COMMUNITY
|
Downtown L.A.
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Single Family
|
|
|
|
Prior to Apr 14, '25
|
$2,300,000
|
| Apr 14, '25 - Today |
$2,600,000 |
| AIR |
None |
| AREA |
Downtown L.A. |
| HEAT |
None |
| LOT |
6244 sq ft |
| LOT DIMENSIONS |
50 x 125 |
| POOL DESCRIPTION |
None |
| STORIES |
1 |
| VIEW |
Yes |
| VIEW DESCRIPTION |
City Lights |
| ZONING |
LAR4 |
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Salem to contact you even if your name is on a Federal or State
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Listed with 4B Advisors Inc.
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 4/16/25 8:03 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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