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2700 W 7Th Street

Los Angeles (City), CA 90057
  • $5,600,000
  • STATUS: Active
  • ON SITE: 153 Days
  • ID#: 21776392
UPDATED: 117 min ago
$5,600,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Vacant Land / Lots
County:

School Ratings & Info

Listing Agent(s): Jon Emrani of Marcus & Millichap (310-909-5500)


Description

We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in a Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units, including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. This excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St., just one block south of Wilshire Blvd, representing the prime location for the neighborhood. The building features amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school, and many offices and entertainment spaces. Project can be delivered RTI and the seller will consider JV partnerships: please discuss further with listing agent.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-25T00:26:15.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
www.naylorproperties.com/homes/120781638
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2700 W 7Th Street Los Angeles (City), CA 90057

  • Price: $5,600,000
  • Status: Active
  • On Site: 153 Days
  • Updated: 117 min ago
  • ID#: 21776392
0
Beds
0
Baths
0
½ Baths
0.29
Acres
Neighborhood:
C42 - Downtown L.A.
County:
Los Angeles
Area:
C42 - Downtown L.A.
Property Description
We are pleased to present a mixed use development opportunity located in the quickly gentrifying MacArthur park area bordering Koreatown. The project is located in a Qualified Opportunity Zone with Potential Tax Benefits (consult with accountant). The project consists of 58 units, including 55 Residential units and an additional 3,038 sq. ft. (3 Units) of ground floor retail on 7th St. This excellent unit mix for the 55 residential units consists of 25: 2 Bed + 2 Bath, 20: 1 Bed + 1 Bath and 10 Single + 1 Bath units. The property is located on a corner lot with almost 150 feet of frontage on W 7th St., just one block south of Wilshire Blvd, representing the prime location for the neighborhood. The building features amenities including a Gym, Rooftop Open Space and a Leasing Office. The property boasts a walk score of 96 and is in close proximity to Downtown Los Angeles, Southwestern Law school, and many offices and entertainment spaces. Project can be delivered RTI and the seller will consider JV partnerships: please discuss further with listing agent.
Exterior Features

Parking Total 0 View City Lights View YN Yes Waterfront Features Lake

Property Features

Additional Parcels YN Yes Association Fee 0 Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Zoning C2-2



Based on information from California Regional Multiple Listing Service, Inc. as of 2022-01-25T00:26:15.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Accardo Real Estate Associates | Compass. Licensed in the State of California, USA.
 
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Accardo Real Estate Associates | Compass
1820 S. Elena Ave. Ste. H
Redondo Beach CA, 90064
Listing Agent(s): Jon Emrani of Marcus & Millichap (310-909-5500)