- For Sale $5,950,000
- Property Type VacantLand
- Property Size 30,971 SF
- Lot Size 30,971 SF
- Date Updated May 11, 2026
Description
Situated on a ±30,971 square foot lot, the property presents a rare opportunity
for developers to bring much-needed affordable or supportive housing to
one of Los Angeles’ most centrally located and high-demand communities.
The property is currently improved with a 3-level parking structure
totaling 319 spaces. While the site is currently entitled and nearing RTI
for a 142-unit market-rate multifamily project with a combined 114,052
square feet of buildable area, it offers compelling potential to reposition
the development for affordable or senior housing (buyer to verify).
Positioned on the edge of the Central Business District, the site
benefits from immediate access to public transit, employment
centers, healthcare facilities, and major freeways—making it
ideal for future residents seeking convenience and connectivity.
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Contacts
Kidder Mathews
Kidder Mathews
Kidder Mathews
Kidder Mathews