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- LoopNet Team
717-759 N Hill St
Los Angeles, CA 90012
411 Res. Units + Retail Project - LOD · Land For Sale · 1.89 AC
Investment Highlights
- ±1.89 acre of land located in the growing DTLA-adjacent neighborhood of Chinatown
- 2,000+ nearby residential units planned or under construction
- Only 1/3 mile to Metro Gold Line Chinatown Station and 1 mile to Downtown Los Angeles
- C2-2D Regional Commercial zoning and Transit Oriented Community (TOC) Tier 3 allows for incredible development flexibility
- Approximately 500 feet of frontage on Hill Street
- Easy access to three major freeways: US-101, CA-110, I-5
PROPERTY FACTS
Description
Centre Urban Real Estate Partners, as exclusive advisor to the owner, is pleased to present for sale 717-759 North Hill Street (the "Property") an irreplaceable development opportunity comprised of approximately 82,120 square feet or ±1.89 acres of land located within the rapidly expanding downtown-adjacent market of Chinatown in Los Angeles, California. With favorable C2-2D Regional Commercial zoning and Transit Oriented Community (TOC) Tier 3, the opportunity allows for incredible development flexibility. With its walkability and access, Chinatown is currently one of the hottest neighborhoods experiencing rapid development and revitalization. Chinatown has had consistent delivery of new product in the past couple years. Most recently, the historic Capitol Mill Building has been converted to creative office, and La Plaza Village has brought 355 new residential units to the neighborhood. Major planned developments to be completed in the coming years include College Station with 725 planned units, and Llewellyn Apartments with 318 planned units. The Property is offered on an unpriced basis.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $29,041,099 | Total Assessment | $29,041,099 |
PROPERTY TAXES
zoning
| Zoning Code | C2-2D TOC Tier 3 (Letter of Determination for 411 Residential Units + 17,140 Commercial Square Feet) |
| C2-2D TOC Tier 3 (Letter of Determination for 411 Residential Units + 17,140 Commercial Square Feet) |
