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1481 W Washington Blvd 0.69 Acres of Commercial Land Offered at $3,500,000 in Los Angeles, CA 90007
Investment Highlights
- Development Opportunity in Pico Union
- Walk Score 86, very walkable; Transit Score 67, good transit; Bike Score 73, very bikeable
- Lot dimensions of 200’ (Washington Blvd) x 150’ with a 30' alley in the rear
- The TOC Tier 3 land is 30,025 square feet and is zoned C2-1-CPIO
- Short drive to downtown LA, Koreatown and USC
Executive Summary
1481 W. Washington Boulevard presents a rare development opportunity in the highly accessible Pico-Union neighborhood of Los Angeles. Encompassing 30,025 square feet of TOC Tier 3 land, this site is zoned to support a range of multifamily or mixed-use projects that can take advantage of strong demand for housing and commercial space in the area. The property sits prominently along Washington Boulevard with lot dimensions of approximately 200 feet of frontage by 150 feet in depth, offering excellent visibility and flexible development potential. With a Walk Score of 86 (Very Walkable), a Transit Score of 67 (Good Transit), and a Bike Score of 73 (Very Bikeable), the site is ideally positioned to capture the live-work-play lifestyle sought after by today’s urban residents.
The C2-1-CPIO zoned lot is in the AB 2334 "Low Vehicle Travel Area" as well as AB 2097 "Within a half mile of a Major Transit".
The C2-1-CPIO zoned lot is in the AB 2334 "Low Vehicle Travel Area" as well as AB 2097 "Within a half mile of a Major Transit".
Property Facts
| Price | $3,500,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.69 AC |
| Property Type | Land | ||
| Zoning | LAC2 - The zoning is C2-1-CPIO (South Los Angeles). | ||
| Price | $3,500,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 0.69 AC |
| Zoning | LAC2 - The zoning is C2-1-CPIO (South Los Angeles). |
1 Lot Available
Lot
| Price | $3,500,000 | Lot Size | 0.69 AC |
| Price Per AC | $5,082,038.62 |
| Price | $3,500,000 |
| Price Per AC | $5,082,038.62 |
| Lot Size | 0.69 AC |
The property sits prominently along Washington Boulevard with lot dimensions of approximately 200 feet of frontage by 150 feet in depth, offering excellent visibility and flexible development potential.
Description
The property has 200' of Frontage on Washington Blvd. and goes from Westmoreland Ave. on the west to Orchard Ave. on the east. There is an 30' alley in the rear of the property which can be factored into the buildable density. The options are many for what can be built. Given that the property is centrally located to downtown, USC and Koreatown, a high density mixed use project is probably the highest and best use.
Very walkable
80/100
Exceptionally drivable
100/100
Exceptional public transit
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5056-020-001 | Improvements Assessment | $0 |
| Land Assessment | $217,682 | Total Assessment | $217,682 |
Property Taxes
Parcel Number
5056-020-001
Land Assessment
$217,682
Improvements Assessment
$0
Total Assessment
$217,682
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1481 W Washington Blvd