$5,800,000 Price Analysis   ♡   Los Angeles, CA 90007 Unknown bed 0 bath unknown SqFt ($0/SqFt) 0.31 acre lot. Listed 2024-05-16 | Ⓧ USDA Ineligible due to property near Los Angeles |
Located in the heart of downtown Los Angeles
Moments away from the prestigious University of Southern California (USC), lies a rare gem of real estate: two parcels totaling 13, 390 square feet, awaiting a visionary investor or developer. Located at 2819 S Flower Street, this expansive property offers an exceptional canvas for realizing your dreams of urban development. Unbeatable Location: Situated in one of the most dynamic and sought-after neighborhoods in Los Angeles, this land enjoys unparalleled proximity to USC, making it an ideal investment for student housing, mixed-use development or commercial ventures catering to the vibrant university community. Fully Entitled Development: This rare offering comes with the invaluable advantage of full entitlements for a 47-guest room hotel, streamlining the development process and expediting your journey from vision to reality. With all necessary approvals in place, you can begin construction without delay, saving both time and resources.
Generous Size: With a total area of 13, 390 square feet spread across two parcels, this property presents ample space for creative construction and versatile design concepts. Whether you envision a multi-story residential complex, retail establishments or a combination of both, the possibilities are endless. Thriving Urban Environment: Surrounded by a diverse array f cultural attractions, dining options, entertainment venues and convenient amenities, this location offers an unparalleled urban lifestyle experience. Residents and visitors alike will appreciate the convenience of living in close proximity to downtown LA's bustling scene. Investment Potential: As downtown Los Angeles continues to undergo rapid revitalization and gentrification, savvy investors have recognized the immense potential for growth and profitability in this area. Secure your stake in the future of one of the nation's most dynamic real estate markets. Accessibility: Enjoy easy access to major transportation arteries, including highways, public transit routes and bike lanes, facilitating seamless connectivity to all corners of the city and beyond. Whether you're looking to capitalize on the thriving student population, capitalize on the burgeoning urban renaissance or simply secure a strategic investment for the future, 2819 S Flower Street beckons with limi tless potential.
Presented by Thomas Chou at
Altc Realty.
Property MLS #AR24099585 from CRMLS
Lot Size Acres: 0.3075
Lot Size Source: Assessor
Lot Size Square Feet: 13394
Road Surface Type: Alley Paved
County: Los Angeles
Directions: Between 28th and 29th Street. Exit 110-South freeway. Next to McDonald's parking lot
Source Property Type: Land
Area: C42 - Downtown L.A.
Source Neighborhood: C42 - Downtown L.A.
Parcel Number: 5123019031
Postal Code Plus 4: 3260
Zoning: LAC2
Source System Name: C2C
$5,800,000
CRMLS
Natural Gas Available
Sewer Available
Water Source: Public
Map directions Map directions Map directions Map directions
 |  |  |  |  |
 | ||||
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.