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1400 S Flower St
Los Angeles, CA 90015
Land For Sale · 0.69 AC

Investment Highlights

  • Mixed-use development project in sought after South Park District with entitlements in place
  • The developer, pursuant to the entitlements has the right to convert 6,300 SF of the allowable ground floor commercial space of 8,800 SF.
  • Not subject to Inclusionary Housing, Linkage Fee, Measure JJJ
  • 171 upper floor dwelling units - 96 studios - 57 one-bedroom units - 18 two-bedroom units
  • The planned project amenities include: Fitness center, pool with enclosure, spa and cabana, firepits, BBQ bar and dining area and outdoor TV.

Property Facts

Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Mixed Use
  • Apartment Units
Total Lot Size 0.69 AC
No. Stories 1
Zoning LAR5

Description

Kidder Mathews is pleased to present to market 1400 South Flower Street, an entitled, 151,393 square foot, seven-story, mixed-use development opportunity located in the flourishing South Park District of Downtown Los Angeles, consisting of 171 dwelling units and 8,800 square feet of commercial/retail space with a top tier community amenity package for its residents. In addition to the property’s excellent location, it is not subject to the additional costs of: Measure JJJ, Linkage Fee, Inclusionary Housing. Project Application and Vesting for the project was completed prior to the implementations of the measures above. The property is situated in a supreme Downtown LA location near the major cross streets of Pico Boulevard and Figueroa Street, within 1-2 blocks walking distance to the Staples Center, LA Live, Los Angeles Convention Center and an excellent array of amenities including entertainment, high-end hotels, world class restaurants and shopping along with excellent local transportation. Pico Boulevard is one of the few primary east-to-west corridors that extends west to Downtown Santa Monica. Flower Street is a primary north-to-south corridor with the Metro Blue Line located only one and a half blocks away from the property, and USC less than a mile and a half away. The existing improvements consist of one single and one two-level commercial improvements.

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 5134-012-016
  • 5134-012-017
  • 5134-012-018
Land Assessment
$6,550,925
Improvements Assessment
$358,556
Total Assessment
$6,909,481
  • Listing ID: 17570705

  • Date on Market: 10/28/2019

  • Last Updated:

  • Address: 1400 S Flower St, Los Angeles, CA 90015

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