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2700 W 7Th St

Los Angeles, CA 90057
  • $5,600,000
  • STATUS: Active
  • ON SITE: 104 Days
  • ID#: 21-776392
UPDATED: 43 min ago
$5,600,000
  • 0
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Description

We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in a Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units, including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. This excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St., just one block south of Wilshire Blvd, representing the prime location for the neighborhood. The building features amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school, and many offices and entertainment spaces. Project can be delivered RTI and the seller will consider JV partnerships: please discuss further with listing agent.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T18:42:51.34. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.theparsonsrealestateteam.com/homes/120780197
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2700 W 7Th St Los Angeles, CA 90057

  • Price: $5,600,000
  • Status: Active
  • On Site: 104 Days
  • Updated: 43 min ago
  • ID#: 21-776392
0
Beds
0
Baths
0
½ Baths
0.3
Acres
Neighborhood:
Downtown L.A.
County:
Los Angeles
Area:
Downtown L.A.
Property Description
We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in a Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units, including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. This excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St., just one block south of Wilshire Blvd, representing the prime location for the neighborhood. The building features amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school, and many offices and entertainment spaces. Project can be delivered RTI and the seller will consider JV partnerships: please discuss further with listing agent.
Exterior Features

Horse YN No Lot Description 2-4 Lots Lot Location Corner Lot Lot Size Area 12749 Road Frontage 150 Feet View Description City View YN Yes Water Frontage Lake

Property Features

Cable YN Yes Present Use Income Producing Retail Stores. Sale Type Standard Site Description City Source Lot Size Area Other Source Lot Size Dimensions Other Street Lights YN True Zoning C2-2

Listing provided courtesy of Jon Emrani DRE#01427038 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-07T18:42:51.34. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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The Parsons Team | Keller Williams Realty
251 S. Lake Ave #150
Pasadena CA, 91101