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511 Grand ave 0.17 Acres of Commercial Land Offered at $20,000,000 in Los Angeles, CA 90012
Investment Highlights
- High visibility from the 101 and 110 freeways
- Minutes away from Chinatown and Little Tokyo
- Multifamily Mixed-Use Development Opportunity
Property Facts
| Price | $20,000,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Mixed Use |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Property Type | Land | ||
| Zoning | C2-2D, R5-2D | ||
| Price | $20,000,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.17 AC |
| Zoning | C2-2D, R5-2D |
1 Lot Available
Lot
| Price | $20,000,000 | Lot Size | 0.17 AC |
| Price Per AC | $116,959,064.33 |
| Price | $20,000,000 |
| Price Per AC | $116,959,064.33 |
| Lot Size | 0.17 AC |
Description
Exceptional development opportunity at 511 N Grand Ave, showcasing 1.37 acres of prime real estate. Nestled conveniently off the 101 and 110 freeways, at the intersection of Grand Ave and W Cesar E Chavez Ave, this property comprises 5 parcels, one of which hosts an existing Burger King. Its strategic placement situates it just moments away from the bustling neighborhoods of Chinatown and Little Tokyo. The potential new owner stands to benefit from the ability to restructure plans according to their vision facilitating a strategic pivot to seize upon the urgent demand for housing in the area. This offering represents a rare chance to acquire a substantial parcel in an immensely sought-after locale, ready for development that could leave a significant imprint on the thriving downtown landscape.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $34,134,868 | Total Assessment | $34,134,868 |
Property Taxes
Presented by
511 Grand ave
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