700 Lookout Dr new Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90012
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25186872
HOA Y/N No
Lot Size 9,744 Sqft
Property Description
Prime Development Opportunity with Panoramic DTLA Views.
Don't miss this rare chance to build in the heart of Los Angeles—nestled just below Dodger Stadium and above vibrant Chinatown, with sweeping views of the Downtown LA skyline. The lot slopes down to Bernard Street, with a bridge at the base offering direct access to Chinatown and the Railway Station.
This rapidly transforming neighborhood is experiencing continued growth and gentrification, fueled by the arrival of trendy restaurants, entertainment venues, and cultural landmarks. Nearby attractions include the LA Opera, Disney Concert Hall, Dorothy Chandler Pavilion, Little Tokyo, and more. With excellent freeway and public transit access, residents will enjoy unparalleled connectivity to the best of LA.
Development potential is significant,zoned for up to 12 units, with the added advantage of a TOC Tier 3 designation, which may allow up to 23 units with reduced parking requirements (buyer to verify). This makes the site an exceptional value-add opportunity for investors and developers looking to capture lucrative returns in one of LA's most dynamic submarkets.
Buyer to verify all information regarding zoning, square footage, utilities, and development potential by contacting the City of Los Angeles.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Fireplace No
Exterior
Fence None
Community Features Curbs,Street Lights,Urban
Utilities Available Electricity Available,Natural Gas Available,Phone Available,Sewer Available,Water Available
View Y/N Yes
View City Lights,Neighborhood,Panoramic
Building
Lot Description Walkstreet
Water Public
New Construction No
Others
Senior Community No
Tax ID 5415015048
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://tour.caimagemaker.com/l/?id=174830IDX