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Mixed-Use

2700 W 7th St

2700 W 7th St, Los Angeles, CA 90057

Listing Price: $5,600,000

Lot Size
0.30 acres
Price/Acre
$18,666,667
Land Type
Redevelopment
Buildable Square Feet
48,664

Investment Overview

Marcus & Millichap is pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. The excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St. located one block south of Wilshire Blvd. representing the prime location for the neighborhood. The project includes amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment. This project is currently going thorough entitlements and can possibly be delivered with Ready to Issue Permits (RTI).

Investment Highlights

  • Qualified Opportunity Zone Project
  • 150 Feet Frontage
  • 55 Residential Units
  • 3 Retail Spaces
  • Corner Lot
  • Gym, Rooftop Open Space

Exclusively Listed By

Financing By

Listing Price: $5,600,000

Lot Size
0.30 acres
Price/Acre
$18,666,667
Land Type
Redevelopment
Buildable Square Feet
48,664

Investment Highlights

  • Qualified Opportunity Zone Project
  • 150 Feet Frontage
  • 55 Residential Units
  • 3 Retail Spaces
  • Corner Lot
  • Gym, Rooftop Open Space

Investment Overview

Marcus & Millichap is pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. The excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St. located one block south of Wilshire Blvd. representing the prime location for the neighborhood. The project includes amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment. This project is currently going thorough entitlements and can possibly be delivered with Ready to Issue Permits (RTI).

Exclusively Listed By

Financing By

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