$3,995,000

1517 8th Street, Los Angeles 90017

12,889

Lot Size

Listing Agent
Adam Peterson - CB Richard Ellis, Inc.

Ultra Efficient RTI Development Site in City West. The Plaza Apartments @ City West, a 60-unit multifamily development opportunity in the Downtown Los Angeles submarket. The project is permit-ready and will be delivered with all reports, plans and approvals to the selected Buyer. Designed with area demand and cost consideration paramount, the project is extremely efficient with an average unit size of approximately 582 square feet and no subterranean parking. The project has been subjected to rigorous underwriting and is conceptualized with an intimate understanding of the market by seasoned local experts. Construction is 7-story type III-A with at- and above-grade parking and approximately 36,000sf of rentable area. A unit mix skewed towards studios and 1-bedrooms meets local demand head-on catering to young professionals and small families looking to live as close to Downtown Los Angeles as possible.

Facts & Features

MLS® # 24373943
Price $3,995,000
Bathrooms 0.00
Lot Size 12,889
Type Land
Status Active

Community Information

Address 1517 8th Street
Area C42 - Downtown L.A.
City Los Angeles
County Los Angeles
Zip Code 90017

Amenities

View City Lights
Is Waterfront No
Has Pool No

Interior

Has Basement No
Fireplace No

Exterior

Lot Description Flat

Additional Information

Date Listed March 28th, 2024
Days on Market 31
Zoning LAC2
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

AgentAdam Peterson
OfficeCB Richard Ellis, Inc.

Listing Map

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