1401-1421 S Main St 0.85 Acres of Commercial Land Offered at $16,000,000 in Los Angeles, CA 90015

This ±0.85-acre development opportunity is located in the heart of Downtown Los Angeles near the Fashion District and South Park growth corridor. Fully entitled for high-density mixed-use multifamily development, the site benefits from flexible zoning (HB2/ CX3 with CPIO overlay), allowing substantial residential density supported by state and city incentive programs. By-right yields of 315 units and up to 504 units with available incentives create scalability and strong economic appeal for developers seeking long-term portfolio growth.
Positioned in a Transit-Oriented Community (Tier 3) and an Opportunity Zone, the property is eligible for significant financial and tax advantages, including potential capital gains deferral. Additional benefits include no parking requirement under AB 2097, reduced open-space obligations, and high site efficiency enabling podium or wrap construction. The lot includes minimal setbacks and an active street frontage, offering maximum buildable footprints.
Surrounded by robust demand drivers such as USC, Crypto.com Arena, and the LA Convention Center, the site provides connectivity to major employment hubs, cultural amenities, and public transit. With easy access to the region’s major freeways and walkable to vibrant retail corridors, this development location positions investors to capture Downtown LA’s strong rental absorption trends, favorable incentives, and long-term urban growth trajectory.