Multi-Family

916 Georgia Street

916 (Land) Georgia Street, Los Angeles, CA 90015

Listing Price: $7,950,000

Lot Size
0.17 acres
Price/Acre
$46,026,316
Land Type
Redevelopment

Investment Overview

916 Georgia Street is a unique investment or long-term development opportunity located in a prime Downtown Los Angeles location between Olympic Boulevard and James M Wood Boulevard, surrounded by new developments and steps to Los Angeles’ premier nightlife destinations such as the Staples Center, LA Live, Convention Center and Microsoft Theater This asset, in an irreplaceable location is currently zoned C2-4D in a Tier 3 TOC; the property will be delivered with six vacancies at the close of escrow The property currently consists of 32 apartment units totaling 18,132 SF consisting of 24 singles and eight two-bedroom units; this opportunity is ideal for a developer to collect cash flow while planning for redevelopment Located just down the street from AEG’s expansion project of the JW Marriott on the northeast corner of Olympic Boulevard & Georgia Street; the expansion will total 38 stories and include 755 rooms; the new project combined with the existing JW Marriott will total 1,756 room and over 200,000 SF of space, making it the second largest hotel in California

Investment Highlights

  • The property currently consists of 32 apartment units totaling 18,132 square feet, with 24 singles and eight two-bedroom units.
  • This opportunity is ideal for a developer to collect cash flow while planning for redevelopment.
  • Located in Downtown Los Angeles between Olympic Boulevard and James M Wood Boulevard, the property is surrounded by new developments and is just steps from Los Angeles' premier nightlife destinations

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

Listing Price: $7,950,000

Lot Size
0.17 acres
Price/Acre
$46,026,316
Land Type
Redevelopment

Investment Highlights

  • The property currently consists of 32 apartment units totaling 18,132 square feet, with 24 singles and eight two-bedroom units.
  • This opportunity is ideal for a developer to collect cash flow while planning for redevelopment.
  • Located in Downtown Los Angeles between Olympic Boulevard and James M Wood Boulevard, the property is surrounded by new developments and is just steps from Los Angeles' premier nightlife destinations

Investment Overview

916 Georgia Street is a unique investment or long-term development opportunity located in a prime Downtown Los Angeles location between Olympic Boulevard and James M Wood Boulevard, surrounded by new developments and steps to Los Angeles’ premier nightlife destinations such as the Staples Center, LA Live, Convention Center and Microsoft Theater This asset, in an irreplaceable location is currently zoned C2-4D in a Tier 3 TOC; the property will be delivered with six vacancies at the close of escrow The property currently consists of 32 apartment units totaling 18,132 SF consisting of 24 singles and eight two-bedroom units; this opportunity is ideal for a developer to collect cash flow while planning for redevelopment Located just down the street from AEG’s expansion project of the JW Marriott on the northeast corner of Olympic Boulevard & Georgia Street; the expansion will total 38 stories and include 755 rooms; the new project combined with the existing JW Marriott will total 1,756 room and over 200,000 SF of space, making it the second largest hotel in California

Exclusively Listed By

  • Neema Ahadian

    Senior Managing Director Investments

    Email Neema

    License(s): CA: 01346750

    West Los Angeles

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