Multi-Family

Skid Row Redevelopment Site

540-542 Stanford Ave, Los Angeles, CA 90013

Listing Price: $1,680,000

Lot Size
0.15 acres
Price/Acre
$11,069,551
Land Type
Land

Investment Overview

This sale offers the opportunity to purchase 6,611 square feet of vacant land in a desirable location within the Downtown Industrial District of Los Angeles. The site has attractive development attributes and offers a high-density development opportunity. Situated in the Downtown Industrial District of Los Angeles, the subject property is located between the Historic Core and The Arts District. Within the area, numerous redevelopment projects, encompassing diverse project types, are currently underway. Large amounts of local and foreign capital continue to flow into this area east of downtown making it one of the most dynamic and exciting real estate areas of the country. The subject property, located at 540-542 Stanford Avenue, consists of two lots for a combined total of 6,611 square feet of land. The site has dimensions of 60’ wide and 110’ feet deep, and is rectangular in shape. Zoning on the site is M2-2D. They City of Los Angeles has approved zone changes on multiple sites in the immediate area, allowing for high-density multifamily development projects, restaurants, live/work units, hotels and more. A nearby site, with less land, was recently entitled for a 50+ unit multifamily development. 540-542 Stanford Avenue offers the opportunity to purchase 6,611 square feet of land in one of the most dynamic real estate markets in the country. The site has desirable underlying value and is suitable for investors, developers and owner/users alike.

Investment Highlights

  • 6,611 SF of Land
  • Desirable Underlying Value
  • Attractive Development Attributes
  • Opportunity Zone, Rectangular Lot
  • Housing Incentive Area, ½ Mile from Gold Line
  • High-Density Development Opportunity

Exclusively Listed By

  • Derek L. Caldwell

    Vice President Investments

    (424) 405-3829

    Email Derek

    License(s): CA: 01929621

    South Bay

  • Sage Segal

    Associate

    Email Sage

    License(s): CA: 02099925

    South Bay

Multi-Family

Skid Row Redevelopment Site

Listing Price: $1,680,000

Lot Size
0.15 acres
Price/Acre
$11,069,551
Land Type
Land

Investment Highlights

  • 6,611 SF of Land
  • Desirable Underlying Value
  • Attractive Development Attributes
  • Opportunity Zone, Rectangular Lot
  • Housing Incentive Area, ½ Mile from Gold Line
  • High-Density Development Opportunity

Investment Overview

This sale offers the opportunity to purchase 6,611 square feet of vacant land in a desirable location within the Downtown Industrial District of Los Angeles. The site has attractive development attributes and offers a high-density development opportunity. Situated in the Downtown Industrial District of Los Angeles, the subject property is located between the Historic Core and The Arts District. Within the area, numerous redevelopment projects, encompassing diverse project types, are currently underway. Large amounts of local and foreign capital continue to flow into this area east of downtown making it one of the most dynamic and exciting real estate areas of the country. The subject property, located at 540-542 Stanford Avenue, consists of two lots for a combined total of 6,611 square feet of land. The site has dimensions of 60’ wide and 110’ feet deep, and is rectangular in shape. Zoning on the site is M2-2D. They City of Los Angeles has approved zone changes on multiple sites in the immediate area, allowing for high-density multifamily development projects, restaurants, live/work units, hotels and more. A nearby site, with less land, was recently entitled for a 50+ unit multifamily development. 540-542 Stanford Avenue offers the opportunity to purchase 6,611 square feet of land in one of the most dynamic real estate markets in the country. The site has desirable underlying value and is suitable for investors, developers and owner/users alike.

Exclusively Listed By

  • Derek L. Caldwell

    Vice President Investments

    (424) 405-3829

    Email Derek

    License(s): CA: 01929621

    South Bay

  • Sage Segal

    Associate

    Email Sage

    License(s): CA: 02099925

    South Bay

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