Los Angeles, CA90015
3 Bedrooms | 1 baths | 1667 sqft | MLS# 25522369
Tract:
For Sale $2,600,000
Description
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.
Facts
Single Family Residence | Built in 1920 | Lot Size: 6244.00 sqft | HOA Dues: $0/month
Features
Listing provided by Kyungho Hwang, 4B Advisors Inc.
Based on information from California Regional Multiple Listing Service, Inc. as of May 5, 2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
