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2700 W 7TH Street

Los Angeles (City), CA 90057
  • $5,600,000
  • STATUS: Active
  • ON SITE: 110 Days
  • ID#: 22121793
UPDATED: 59 min ago
$5,600,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Jon Emrani of Marcus & Millichap (310-909-5500)


Description

Pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project islocated in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and anadditional 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 10Single + 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 primelocation 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 isin close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment. This project is currently going thoroughentitlements and will be delivered with Ready to Issue Permits (RTI).

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-17T09:28:25.213. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
www.century21jordanlink.com/homes/125091849
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2700 W 7TH Street Los Angeles (City), CA 90057

  • Price: $5,600,000
  • Status: Active
  • On Site: 110 Days
  • Updated: 59 min ago
  • ID#: 22121793
0
Beds
0
Baths
0
½ Baths
0.29
Acres
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
Pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project islocated in an Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units including 55 Residential units and anadditional 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 10Single + 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 primelocation 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 isin close proximity to Downtown Los Angeles, Southwestern Law school and many places of employment and entertainment. This project is currently going thoroughentitlements and will be delivered with Ready to Issue Permits (RTI).
Exterior Features

Parking Total 0 View City Lights View YN Yes

Property Features

Association Fee 0 Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning C2-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-05-17T09:28:25.213. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or CENTURY 21 Jordan-Link & Co.. Licensed in the State of California, USA.
 
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CENTURY 21 Jordan-Link & Co.
2009 West Feemster Avenue
Visalia CA, 93277
Listing Agent(s): Jon Emrani of Marcus & Millichap (310-909-5500)