Multi-Family

1543 W 12th St

1543 W 12th St, Los Angeles, CA 90015

Listing Price: $2,199,000

Lot Size
0.14 acres
Price/Acre
$15,338,421
Land Type
Redevelopment
Buildable Square Feet
9,455

Investment Overview

Marcus & Millichap is pleased to present to market the exciting opportunity to acquire the RTI multifamily development opportunity located at 1543 12th Street near Downtown Los Angeles. The property is located just west of Downtown and the 110 Freeway on the border of the Westlake and Pico Union neighborhoods. Westlake and Downtown have seen significant development in recent years, and this property’s location just a half-mile from Staples Center and convenient proximity to the freeway, retail, dining and entertainment options (WalkScore: 93), make it poised for redevelopment and future appreciation. 1543 12th Street consists of a 6,245-square foot lot zoned R4-1 that allows for 18 units buildable by-right (buyer to verify). The lot currently features a three-bedroom house. Current development plans call for the construction of a four-story, 18-unit building with 14 studios and four one-bedroom units, as well as subterranean parking.

Investment Highlights

  • RTI Multifamily Development Opportunity Located on the Border of LA's Westlake and Pico Union Neighborhoods a Half-Mile From Staples Center
  • 6,245-SF Lot Zoned R4-1 | 18 Units Buildable By-Right (Buyer to Verify)
  • Approved Construction Plans Call for the Construction of a Four-Story, 18-Unit Building With 14 Studios, Four One-Bedroom Units, and Subterranean Parking
  • WalkScore: 93

Exclusively Listed By

Listing Price: $2,199,000

Lot Size
0.14 acres
Price/Acre
$15,338,421
Land Type
Redevelopment
Buildable Square Feet
9,455

Investment Highlights

  • RTI Multifamily Development Opportunity Located on the Border of LA's Westlake and Pico Union Neighborhoods a Half-Mile From Staples Center
  • 6,245-SF Lot Zoned R4-1 | 18 Units Buildable By-Right (Buyer to Verify)
  • Approved Construction Plans Call for the Construction of a Four-Story, 18-Unit Building With 14 Studios, Four One-Bedroom Units, and Subterranean Parking
  • WalkScore: 93

Investment Overview

Marcus & Millichap is pleased to present to market the exciting opportunity to acquire the RTI multifamily development opportunity located at 1543 12th Street near Downtown Los Angeles. The property is located just west of Downtown and the 110 Freeway on the border of the Westlake and Pico Union neighborhoods. Westlake and Downtown have seen significant development in recent years, and this property’s location just a half-mile from Staples Center and convenient proximity to the freeway, retail, dining and entertainment options (WalkScore: 93), make it poised for redevelopment and future appreciation. 1543 12th Street consists of a 6,245-square foot lot zoned R4-1 that allows for 18 units buildable by-right (buyer to verify). The lot currently features a three-bedroom house. Current development plans call for the construction of a four-story, 18-unit building with 14 studios and four one-bedroom units, as well as subterranean parking.

Exclusively Listed By

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