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Listed by Ravinder Sood • Berkshire Hathaway HomeServices California Properties
$ 799,000
Est. payment /mo
Active
700 Lookout Dr Los Angeles, CA 90012
9,746 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25186872
Lot Size 9,746 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Prime Development Opportunity with Panoramic DTLA Views. Don't miss this rare chance to build in the heart of Los Angeles-nestled just below Dodger Stadium and above vibrant Chinatown, with sweeping views of the Downtown LA skyline. The lot slopes down to Bernard Street, with a bridge at the base offering direct access to Chinatown and the Railway Station. This rapidly transforming neighborhood is experiencing continued growth and gentrification, fueled by the arrival of trendy restaurants, entertainment venues, and cultural landmarks. Nearby attractions include the LA Opera, Disney Concert Hall, Dorothy Chandler Pavilion, Little Tokyo, and more. With excellent freeway and public transit access, residents will enjoy unparalleled connectivity to the best of LA. Development potential is significant,zoned for up to 12 units, with the added advantage of a TOC Tier 3 designation, which may allow up to 23 units with reduced parking requirements (buyer to verify). This makes the site an exceptional value-add opportunity for investors and developers looking to capture lucrative returns in one of LA's most dynamic submarkets. Buyer to verify all information regarding zoning, square footage, utilities, and development potential by contacting the City of Los Angeles.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LW,WLK
Exterior
Fence None
Utilities Available Electricity - On Site, Telephone - Not On Site
View Local/Neighborhood, Panoramic, City Lights
Building
Water District - Public
Others
Tax ID 5415015048
Special Listing Condition Not Applicable
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