Entitled Multifamily Development
For Sale
Contact for pricing
Pending
1233 S Grand Ave, Los Angeles, CA 90015
Entitled lot with 100% completed entitlements and 95% complete permitting for a 161-unit multifamily project.
Property SizeContact for details
Lot Size0.44 Acres
Days on Market121
Property Features for 1233 S Grand Ave
General Information
Standard status
Pending
Total Parking Spaces
238
Lot size
0.44 Acres
Property subtype
Land
Additional Details
Highway Access
Yes
Multifamily Units
161
Building Details
Stories
21
Listing Agency:
NAI Capital HQ
(818) 742-1615
Listed By:
Rose O'Sullivan · License #CA 01904175
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Apr 11 at 5:34PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI Capital HQ
Investment Insights
Based on property information with market context.
Offered for sale is an entitled residential development lot in downtown Los Angeles (South Park) intended for a 161-unit multifamily project. Public remarks indicate entitlements are 100% complete and permitting is 95% complete. The project concept includes 21 floors with a unit mix of 18 studios, 84 one-bedrooms, and 59 two-bedrooms, along with 238 parking stalls, and an 83% floor efficiency figure is cited in the materials.
The property is described as currently generating income in place from a parking lot operator while development permitting advances. Location details provided in the remarks note a high WalkScore of 94 and Transit Score of 99, with proximity to the Metro A and E lines and major nearby freeways including the 10 and 110. The materials also state the area is within walking distance of a Metro line and destinations including LA Live and the Crypto Stadium.
The property is described as currently generating income in place from a parking lot operator while development permitting advances. Location details provided in the remarks note a high WalkScore of 94 and Transit Score of 99, with proximity to the Metro A and E lines and major nearby freeways including the 10 and 110. The materials also state the area is within walking distance of a Metro line and destinations including LA Live and the Crypto Stadium.
Key Highlights
- 0.44‑acre entitled lot for a 161‑unit multifamily development in downtown Los Angeles (South Park).
- Entitlements are 100% complete; permitting is 95% complete for the planned 161‑unit project.
- Planned unit mix: 18 studios, 84 one‑bedrooms, and 59 two‑bedrooms across 21 floors.
Property Analytics
Current Use
Lease Details
161
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
21,324
Businesses Nearby
Explore this area
Business Placement
Demographics for 90015, CA
27,324
Population
14,635
Households
1.9
Avg Household Size
34
Median Age
48%
College-Educated
79%
High-School Grad
1.7 sq mi
ZIP Area
16,073
Density / Sq Mi
$63,211
Median Household Income
$47,819
Median Earnings
$2,385
Median Rent
$1,000,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Entitled lot with 100% completed entitlements and 95% complete permitting for a 161-unit multifamily project.
Where is this residential land & home lot located?
The property is located at 1233 S Grand Ave Los Angeles, CA.
What are key features of this property?
This property features: 0.44‑acre entitled lot for a 161‑unit multifamily development in downtown Los Angeles (South Park).; Entitlements are 100% complete; permitting is 95% complete for the planned 161‑unit project.; Planned unit mix: 18 studios, 84 one‑bedrooms, and 59 two‑bedrooms across 21 floors.
