Land For Sale • 0.42 AC
Prime multi-family or mixed-use development purchase opportunity. Current zoning allows 45 market units by right (verify with City of Los Angeles). Tier 3 TOC encourages the construction of affordable housing near bus and train stations with a 70% increase in density/ 50% increase in FAR. Also ideal for owner/user restaurant/catering business (existing grease trap clarifier). Two existing buildings with abundant parking. Block-to-block parcel between Vermont Avenue and New Hampshire Avenue. Prime location just south of Pico Boulevard and 1-mile west of Downtown Los Angeles. 1.5-miles north of USC and 2.1-miles north of the Memorial Coliseum and the $1-billion George Lucas Museum of Narrative Art (estimated 2023 completion. Southeast gateway to Mid-Wilshire and Koreatown. Also available for lease (call broker for details).
Multi-Family Development or Owner/User Purchase Opportunity |
Close to DTLA and USC |
Heavy Traffic Frontage |
Rapidly Changing Neighborhood |
Commuter Rail | Drive | Walk | Distance |
---|---|---|---|
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) | 9 min | - | 4.1 mi |
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) | 11 min | - | 4.4 mi |
Airport | Drive | Walk | Distance |
Los Angeles International | 22 min | - | 12.8 mi |
Bob Hope | 22 min | - | 13.5 mi |
Long Beach (Daugherty Field) | 30 min | - | 22.6 mi |