Active

1337 W 11th PL

LOS ANGELES CA, 90015

$24,000,000


$349.31 per sqft

Active

Land

Attractive investment opportunity in a prime location directly off of the 110 Freeway. The property portfolio comprises several lots situated in downtown Los Angeles, strategically positioned near the Convention Center, LA Live and Crypto Arena. The lots offer a combined land area of 68,707 square feet (1.57 acres) and are zoned CM-1-O - Commercial Manufacturing. The properties boast excellent accessibility to major transportation routes, public amenities, and business hubs, making them highly desirable for parking, commercial development, mixed-use projects and affordable housing projects (ED1 eligible by right). Downtown Los Angeles has experienced significant growth and revitalization in recent years, becoming a vibrant hub for commerce, entertainment, and residential development. The area benefits from a thriving Convention Center, Crypto Arena and LA Live hosting numerous high-profile events and attracting a steady stream of visitors. The proximity of the lots to these venues further enhances their appeal for potential buyers, presenting a unique opportunity to capitalize on the growing demand for parking, commercial, hospitality and housing space in the vicinity. The property is asphalt paved and fenced and utilized as surface parking lots, serving the surrounding Downtown Office and Commercial district; including the Staples Center and LA Live Sports and Entertainment Venues. The subject is located in the Enterprise Zone and Transit Priority Overlay Zones. Offering consists of the following parcels -5137022017, 5137023001, 5137023003, 5137023007, 5137023008, 5137023009

PW23122421MR

MLS ID

July 8, 2023

Listed

September 24, 2023

Updated

Map

1337 W 11th PL
LOS ANGELES CA, 90015

Exterior/Building Features

Lot Size

1.58 acres

Other Property Details

Days on Market

77


Garage

No


Parking

No


View

Yes


View Description

City Lights, Landmark


County

Los Angeles


Water Source

None


Pool

No

Listing History

Date

Event

Price

9/24/2023

Price Change

$24,000,000

-12%

Courtesy of Patrick Sharples with Keller Williams Realty
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Campbell Wellman Team shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 9/24/2023

Powered byLuxury Presence