This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
1331 S Vermont Ave
Los Angeles, CA 90006
Multi-Family Development Site · Land For Sale
·
0.42 AC
INVESTMENT HIGHLIGHTS
- Multi-Family Development or Owner/User Purchase Opportunity
- Heavy Traffic Frontage
- Close to DTLA and USC
- Rapidly Changing Neighborhood
PROPERTY FACTS
DESCRIPTION
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).
PROPERTY TAXES
| Parcel Number | 5075-001-008 | Improvements Assessment | $568,913 |
| Land Assessment | $3,185,920 | Total Assessment | $3,754,833 |
PROPERTY TAXES
