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1220-1240 S Hope St - 1240 Hope 0.97 Acres of Commercial Land in Los Angeles, CA 90015
INVESTMENT HIGHLIGHTS
- Lender-Faciliated Sale
- Fully Entitled Multifamily Development Site
- Thoughtfully Designed for Lifestyle-First Urban Living
- CFO due Thursday, July 31st, 2025
- 531 Micro Units Planned
EXECUTIVE SUMMARY
Cushman & Wakefield, as Exclusive Advisor, is pleased to present the opportunity to acquire the fee simple interest in 1240 Hope (the “Property”), a fully entitled micro-unit project in the entertainment epicenter of Downtown Los Angeles. The Property sits in the South Park neighborhood, and is walking distance to the Cyrpto.com Arena, L.A. Live, Los Angeles Convention Center, and Microsoft Theater.
1240 Hope offers intelligent design, exceptional amenities, and a lifestyle-first experience in the heart of the urban core. This innovative community features micro-units thoughtfully designed for efficiency and comfort, making the most of every square foot with oversized windows that bring in abundant natural light, and private balconies
on every suite to enable an indoor/outdoor experience.
1240 Hope offers intelligent design, exceptional amenities, and a lifestyle-first experience in the heart of the urban core. This innovative community features micro-units thoughtfully designed for efficiency and comfort, making the most of every square foot with oversized windows that bring in abundant natural light, and private balconies
on every suite to enable an indoor/outdoor experience.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Redevelopment Project | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.97 AC |
| Property Type | Land | No. Stories | 1 |
| Zoning | [Q] R5-4D-O - High Density Residential | ||
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Multifamily |
| Total Lot Size | 0.97 AC |
| No. Stories | 1 |
| Zoning | [Q] R5-4D-O - High Density Residential |
1 LOT AVAILABLE
Lot
| Lot Size | 0.97 AC |
| Lot Size | 0.97 AC |
Currently an 8-story building with 7 levels of residential microunits over a ground floor level with retail, lobby, and amenities. Fully entitled multifamily development site with approvals for 531 micro-units.
1 1
Walk Score®
Walker's Paradise (94)
Transit Score®
Rider's Paradise (100)
Bike Score®
Very Bikeable (84)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $116,050 | |
| Land Assessment | $30,502,921 | Total Assessment | $30,618,971 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$30,502,921
Improvements Assessment
$116,050
Total Assessment
$30,618,971
CONTACTS
-
Michael Condon Jr. -
Erica Finck -
Reid Gratsch -
Kylie Rawn -
Whitney Jones -
Cushman & Wakefield
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VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
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1220-1240 S Hope St - 1240 Hope
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