Courtesy of: Steven Bogoyevac | Steven M. Bogoyevac, Broker
Purchase Type: Sale
MLS ID: PW21043077
Days On Market: 45
Lot size: 0.144
Property Type: Land
New Construction: No
Swimming Pool: No
Address: 1543 W 12th Street
County: Los Angeles
City: Los Angeles
Neighborhood: C42 - Downtown L.a.
Property Taxes: $0
RTI multifamily development opportunity located at 1543 12th Street near Downtown Los Angeles. The property is located just west of Downtown and the 110 Freeway on the border of the Westlake and Pico Union neighborhoods. Westlake and Downtown have seen significant development in recent years, and this property’s location just a half-mile from Staples Center and convenient proximity to the freeway, retail, dining and entertainment options (WalkScore: 93), make it poised for redevelopment and future appreciation.
1543 12th Street consists of a 6,245-square foot lot zoned R4-1 that allows for 18 units buildable by-right (buyer to verify). The lot currently features a three-bedroom house.
Current development plans call for the construction of a four-story, 18-unit building with 14 studios and four one-bedroom units, as well as subterranean parking.
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