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$ 2,600,000
Est. payment | /mo
3 Beds
1 Bath
1,667 SqFt
$ 2,600,000
Est. payment | /mo
3 Beds
1 Bath
1,667 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 1,667 sqft
Price per Sqft $1,559
MLS Listing ID CL25522369
Bedrooms 3
Full Baths 1
HOA Y/N No
Year Built 1920
Lot Size 6,244 Sqft
Acres 0.1433
Property Sub-Type Single Family Residence
Property Description
Discover the potential of this exceptional redevelopment opportunity at 1517 W 12th St, Los Angeles, CA 90015. Located in the vibrant Pico-Union neighborhood of Downtown LA, this 6,242 sq ft lot currently houses a vacant 1,667 sq ft single-family home built in 1920-primed for transformation. The property is fully entitled and permitted for a modern seven-story, 26-unit multifamily development, with all approvals and permits in place, allowing construction to begin immediately. The approved plans include:26 residential units (22 market-rate and 4 affordable) and 18 on-site parking spaces strategically positioned just minutes from Crypto.com Arena, LA Live, and the Los Angeles Convention Center, this location offers unbeatable access to entertainment, employment, and transportation hubs. With excellent connectivity via public transit and major freeways, future residents will enjoy seamless access throughout Los Angeles. This shovel-ready project is a rare find for developers, investors, and builders seeking to deliver a high-demand multifamily community in one of LA's fastest-growing neighborhoods. Don't miss this prime opportunity to tap into Los Angeles' thriving real estate market. Contact me today for full plans and additional details.
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating None
Cooling None
Flooring Wood
Fireplaces Type None
Fireplace No
Laundry None
Exterior
Pool None
View Y/N true
View City Lights
Total Parking Spaces 2
Private Pool false
Building
Story 1
Level or Stories One Story
New Construction No
Others
Tax ID 5137025022
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Kyungho Hwang • 4B Advisors Inc.
GET MORE INFORMATION
Kenneth Jamaca
Managing Broker | REALTOR | License ID: 02080040
+1(925) 413-1849 | kenneth@jcastlegroup.com