$1,800,000
We are pleased to present an exceptional development opportunity in Downtown Los Angeles. Rare vacant corner lot located at 1400 W Miramar St, offering approximately 8,454 square feet with dimensions of roughly 60' x 141'. Zoned CW (comparable to R4 zoning) and situated within a TOC Tier 2 zone, this property presents a compelling opportunity for developers seeking a multifamily or affordable housing project in a rapidly growing urban corridor. The site has been vacant for over five years, eliminating the need for tenant relocation and avoiding complications associated with occupied properties. Current zoning allows for approximately 21 residential units by right, with the potential for up to 43 units utilizing TOC incentives and ADUs (buyer to verify). The property may also be a strong candidate for an ED1 100% affordable housing development.Ideally positioned in the heart of Downtown Los Angeles, this centrally located property offers convenient access to major employment centers, public transportation, shopping, dining, entertainment, and essential city services. Just minutes from some of LA's premier destinations, including LA Live, Crypto.com Arena, and the Los Angeles Convention Center, the site benefits from a vibrant mix of restaurants, retail, nightlife, and cultural attractions. With easy access to major freeways and numerous employment hubs, its strategic location and development-friendly characteristics make it a standout opportunity for investors and builders seeking to capitalize on the continued demand for housing in one of Southern California's most dynamic urban markets. Buyer to independently verify all zoning, development potential, density bonuses, TOC incentives, ED1 eligibility, and applicable building requirements with the City of Los Angeles. Contact listing agent for additional information.
Listed by Daniel Shamooelian with Keller Williams Beverly Hills (310) 432-6400
Property Type
Land
Status
Active
MLS Number
26849877
Year Built
N/A
Lot Size
8,455 sq ft
Click to interact with map
977 Arapahoe St, Los Angeles
Listed by Dae Young Hur with Keller Williams Larchmont
752 S Harvard Blvd, Los Angeles
Listed by J. Geo Kim with GAIA
1200 W Innes Ave, Los Angeles
Listed by Christina Wong with Newco Realty
209 N Mathews, Los Angeles
Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker
964 Jefferson Blvd, Los Angeles
Listed by Max Berger with Compass
5636 Lexington Ave, Los Angeles
Listed by Meir Derhy with SO. CALIFORNIA REAL ESTATE CO.
1121 S Spaulding Ave, Los Angeles
Listed by Janet Neman with Kidder Mathews of California, Inc.
4915 Elmwood, Los Angeles
Listed by Maria Sanchez Rodriguez with First Reliant, Inc.
