$16,000,000
Est. payment /mo
0.86 Acres Lot
Active
1337 W 11th Los Angeles, CA 90015
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26115024
HOA Y/N No
Lot Size 0.862 Acres
Property Description
Six-Parcel Development Site and Surface Parking Property for Sale Near Downtown Los Angeles
1313–1337 W. 11th Place, Los Angeles, California 90015, a six-parcel land assemblage totaling approximately 68,707 square feet, or 1.57 acres with CMO1 zoning. The offering consists of two sites positioned across W. 11th Place, with corner locations and frontage along three streets.
The property is paved, fenced and currently configured as an established surface parking operation with approximately 280 parking spaces. Its existing configuration may provide a buyer with the opportunity to continue operating public parking while evaluating longer-term plans for the property.
The site may also appeal to parking operators, EV-charging companies, fleet-charging operators and investors seeking a potential electric-vehicle charging parking facility in Los Angeles. Any EV-charging conversion would be subject to the buyer's confirmation of electrical-service capacity, utility requirements, permitting, site design and governmental approvals.
For developers, the assembled parcels provide a substantial infill land opportunity near Downtown Los Angeles. Property marketing materials identify the zoning as Commercial Manufacturing and describe potential commercial, mixed-use and housing development possibilities. Buyers should independently verify zoning, allowable uses, development density, overlays, entitlements and applicable land-use regulations with the City of Los Angeles.
The property offers convenient access to the 110 Freeway near its convergence with the 10 Freeway and is located near major Downtown Los Angeles destinations, including Crypto.com Arena, L.A. LIVE and the Los Angeles Convention Center. These location characteristics may support continued event parking, commuter parking, EV charging or future redevelopment.
This offering provides multiple potential acquisition strategies:
Continue the existing surface parking use
Evaluate public or event-parking operations
Explore an EV-charging or fleet-charging facility
Hold the land for future redevelopment
Pursue a commercial, mixed-use or housing development concept
All proposed uses, improvements and development plans are subject to zoning, permits, entitlements, utility availability and governmental approval. Prospective buyers should independently verify all property information and conduct their own due diligence. The sale is subject to bankruptcy court approval.
1313–1337 W. 11th Place, Los Angeles, California 90015, a six-parcel land assemblage totaling approximately 68,707 square feet, or 1.57 acres with CMO1 zoning. The offering consists of two sites positioned across W. 11th Place, with corner locations and frontage along three streets.
The property is paved, fenced and currently configured as an established surface parking operation with approximately 280 parking spaces. Its existing configuration may provide a buyer with the opportunity to continue operating public parking while evaluating longer-term plans for the property.
The site may also appeal to parking operators, EV-charging companies, fleet-charging operators and investors seeking a potential electric-vehicle charging parking facility in Los Angeles. Any EV-charging conversion would be subject to the buyer's confirmation of electrical-service capacity, utility requirements, permitting, site design and governmental approvals.
For developers, the assembled parcels provide a substantial infill land opportunity near Downtown Los Angeles. Property marketing materials identify the zoning as Commercial Manufacturing and describe potential commercial, mixed-use and housing development possibilities. Buyers should independently verify zoning, allowable uses, development density, overlays, entitlements and applicable land-use regulations with the City of Los Angeles.
The property offers convenient access to the 110 Freeway near its convergence with the 10 Freeway and is located near major Downtown Los Angeles destinations, including Crypto.com Arena, L.A. LIVE and the Los Angeles Convention Center. These location characteristics may support continued event parking, commuter parking, EV charging or future redevelopment.
This offering provides multiple potential acquisition strategies:
Continue the existing surface parking use
Evaluate public or event-parking operations
Explore an EV-charging or fleet-charging facility
Hold the land for future redevelopment
Pursue a commercial, mixed-use or housing development concept
All proposed uses, improvements and development plans are subject to zoning, permits, entitlements, utility availability and governmental approval. Prospective buyers should independently verify all property information and conduct their own due diligence. The sale is subject to bankruptcy court approval.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning CM
Interior
Fireplace No
Exterior
Fence Wrought Iron
Community Features Curbs
Utilities Available None, Water Not Available
View Y/N No
View None
Present Use Parking Lot
Building
Lot Description Corner Lot, Lot Over 40000 Sqft, Street Level
Water None
New Construction No
Others
Senior Community No
Tax ID 5137022017
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Notice Of Default, Third Party Approval
Listed by Patrick Sharples Keller Williams Realty 714-293-2792, DRE #01245463
NEARBY SCHOOL & BUSINESS
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