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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.
Property Type(s):
Single Family
| Last Updated | 4/14/2025 | Year Built | 1920 |
|---|---|---|---|
| Community | Downtown L.A. | County | Los Angeles |
Price History
| Prior to Apr 14, '25 | $2,300,000 |
|---|---|
| Apr 14, '25 - Today | $2,600,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Downtown L.A. |
| HEAT | None |
| LOT | 6244 sq ft |
| LOT DIMENSIONS | 50 x 125 |
| POOL DESCRIPTION | None |
| STORIES | 1 |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights |
| ZONING | LAR4 |
Location
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Listed with 4B Advisors Inc.
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2025.
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