1337 W 11th PL

LOS ANGELES, CA, 90015

$24,000,000

$24,000,000
Active
Active
 - For Sale
property_type
Land
Attractive investment opportunity in a prime location directly off of the 110 Freeway. The property portfolio comprises several lots situated in downtown Los Angeles, strategically positioned near the Convention Center, LA Live and Crypto Arena. The lots offer a combined land area of 68,707 square feet (1.57 acres) and are zoned CM-1-O - Commercial Manufacturing. The properties boast excellent accessibility to major transportation routes, public amenities, and business hubs, making them highly desirable for parking, commercial development, mixed-use projects and affordable housing projects (ED1 eligible by right). Downtown Los Angeles has experienced significant growth and revitalization in recent years, becoming a vibrant hub for commerce, entertainment, and residential development. The area benefits from a thriving Convention Center, Crypto Arena and LA Live hosting numerous high-profile events and attracting a steady stream of visitors. The proximity of the lots to these venues further enhances their appeal for potential buyers, presenting a unique opportunity to capitalize on the growing demand for parking, commercial, hospitality and housing space in the vicinity. The property is asphalt paved and fenced and utilized as surface parking lots, serving the surrounding Downtown Office and Commercial district; including the Staples Center and LA Live Sports and Entertainment Venues. The subject is located in the Enterprise Zone and Transit Priority Overlay Zones. Offering consists of the following parcels -5137022017, 5137023001, 5137023003, 5137023007, 5137023008, 5137023009
MLS® ID:
PW23122421MR
Listed:
7/7/23
Updated:
11/29/23
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Exterior/Building Features

Lot Size
1.58 acres lot

Other Property Details

Garage
No
Parking
N
View
Y
County
Los Angeles
Water Source
None
Pool
No
Zoning
LACM

Property History

Date
Event
Price
Value
9/23/23
Price Change
$24,000,000
-11%

Courtesy of Patrick Sharples with Keller Williams Realty
Listing Contact: [email protected] 

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Jo O'Key shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 11/29/23

By providing your contact information, you acknowledge and agree to ourPrivacy Policyand consent to receiving marketing communications, including through automated calls, texts, and emails, some of which may use artificial or prerecorded voices. This consent isn’t necessary for purchasing any products or services and you may opt out at any time. To opt out from texts, you can reply, ‘stop’ at any time. To opt out from emails, you can click on the unsubscribe link in the emails. Message and data rates may apply.
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