601-625 S Main St - 601 S Main St.
1.4 Acres of Residential Land in Los Angeles, CA 90014
INVESTMENT HIGHLIGHTS
- Multifamily Mixed-Use Development Site
- All Market Rate – No Affordable Required – No Linkage Fee
- In-Place Month-to-Month Parking Revenue
- Can be delivered “Ready to Issue”
- Approved Vesting Tentative Tract Map
- “Walker’s Paradise” Walk Score of 93 out of 100, “Rider's Paradise” Bike Score 90 out of 100, and Transit Score of 100 out of 100.
EXECUTIVE SUMMARY
CBRE, Inc., as exclusive agent, is pleased to present for sale a residential mixed-use development site with entitlements to build 452 units and 21,514 square feet of commercial space in vibrant Downtown Los Angeles, California. The project has an approved vesting tentative tract map and is comprised of 32 stories. The entitlements are for 100% market-rate units, are not subject to the Affordable Housing Linkage Fee, and are not subject to Ballot Measure JJJ requirements. Located in the heart of DTLA at 601 S. Main Street, the Property boasts “Walker’s Paradise” Walk Score of 93 out of 100, “Rider's Paradise” Bike Score 90 out of 100, and Transit Score of 100 out of 100. This property is offered to the market on an UNPRICED basis.
PROPERTY FACTS
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Planned Unit Development |
| Total Lot Size | 1.40 AC |
| Cross Streets | 6th Street |
1 LOT AVAILABLE
Lot
| Lot Size | 1.40 AC |
Walk Score®
Walker's Paradise (98)
Transit Score®
Rider's Paradise (100)
Bike Score®
Biker's Paradise (90)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $32,905,197 | |
| Land Assessment | $22,399,953 | Total Assessment | $55,305,150 |
ZONING
| Zoning Code | C2-4D (Commercial) |
