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121 W 3rd St 0.63 Acres of Commercial Land in Los Angeles, CA 90013
Investment Highlights
- Fully Entitled Mixed-Use Development – 331 Units (37 VLI) | ± 6,350 SF of Retail
- ±27,576 SF of Land in the Historic Core
- Prime location in the Historic Core near to DTLA’s primary employment centers in Bunker Hill, Financial, and Civic Center Districts
- High visibility property benefiting from ± 29,044 AADT*
Executive Summary
Colliers is proud to present One Twenty-One, a premier corner development opportunity located in the vibrant heart of Downtown Los Angeles’ Historic Core. Designed by world renowned architecture firm Gensler, this fully entitled project calls for a luxury 15-story, mixed-use development featuring 331 residential units, including 37 affordable units set aside for Very Low Income (VLI) households.
The project includes ± 6,350 square feet of ground-floor retail and an exceptional lineup of on-site amenities, including a rooftop pool and deck, resident lounge, and state-of the-art fitness center.
This premier corner parcel offers excellent street visibility, unmatched walkability, and the opportunity to deliver a transformative, design-driven community in one of Downtown LA’s most energized neighborhoods.
The property benefits from an in-place lease expiring in 2041, with a provision allowing termination upon commencement of construction on the site, offering a prime covered land development opportunity.
The project includes ± 6,350 square feet of ground-floor retail and an exceptional lineup of on-site amenities, including a rooftop pool and deck, resident lounge, and state-of the-art fitness center.
This premier corner parcel offers excellent street visibility, unmatched walkability, and the opportunity to deliver a transformative, design-driven community in one of Downtown LA’s most energized neighborhoods.
The property benefits from an in-place lease expiring in 2041, with a provision allowing termination upon commencement of construction on the site, offering a prime covered land development opportunity.
Property Facts
| Sale Type | Investment | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.63 AC |
| Property Type | Land | No. Stories | 1 |
| Property Subtype | Commercial | ||
| Zoning | [Q]C4-4D - Commercial | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.63 AC |
| No. Stories | 1 |
| Zoning | [Q]C4-4D - Commercial |
1 Lot Available
Lot
| Lot Size | 0.63 AC |
| Lot Size | 0.63 AC |
±27,576 SF of Land in the Historic Core approved for a new 15-story mixed use building with 331 residential units.
Walk Score®
Walker's Paradise (97)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (83)
Property Taxes
| Parcel Numbers | Improvements Assessment | $80,120 | |
| Land Assessment | $15,477,186 | Total Assessment | $15,557,306 |
Property Taxes
Parcel Numbers
Land Assessment
$15,477,186
Improvements Assessment
$80,120
Total Assessment
$15,557,306
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121 W 3rd St
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