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- LoopNet Team
1512 W 7th St
Los Angeles, CA 90017
7th & Valencia · Land For Sale
·
0.70 AC
Investment Highlights
- Clean Phase 1 & 2 | 30,503 SF of Highly Desirable Development Land
- 6-1 FAR - 183,000 SF Development Construction Available
- Above Ground Parking Project. No Costly Subterranean Parking Need
- Frontage on Prime 7th St. with Downtown Skyline Views
- Highly Walkable Residential Location - 92% Walk Score | Adjacent to Downtown Los Angeles Employment Center of Over 500,000 Jobs
- Urban Infill Development Opportunity | In Immediate Path of Gentrification Near Downtown, Koreatown, Silver Lake, City West
Property Facts
Description
7th & Valencia sits in the Westlake area just West of Downtown with insuring skyline views. The subject is situated in a promising central core location with high density rental demand just blocks from L.A. Live/Staples, 2 blocks from Metro Rail stations, and in the midst of rapidly expanding growth downtown. The area has one of the most dense populations in Los Angles metro Area. In addition effortless access to all things Downtown, the property is positioned with Silver Lake to the north, Echo Park to the northeast, and Koreatown to the west. Westlake touches East Hollywood on the northwest. Residents of the area enjoy easy access to the 101, 110, 10, and 5 Freeways. Considered one of the hottest up and coming areas in LA months the area has seen a number of gentrification efforts underway in recent months with no end in sight. Most projects involve adaptive reuse of existing buildings, and hotels, and today Westlake is poised to see an influx of money that many would have thought impossible a few years ago, and it’s sure to change the character of the neighborhood in big ways.
Property Taxes
| Parcel Numbers | Improvements Assessment | $535,846 | |
| Land Assessment | $1,100,703 | Total Assessment | $1,636,549 |
Property Taxes
