Redevelopment Land for Mixed-Use
1247 W 7th St Los Angeles, CA 90017
1247 W 7th St, Los Angeles, CA, 90017
Contact for pricing
For Sale
Contact for pricing
Pending
Surface parking lot redevelopment site with entitlement for mixed-use high-rise and street-level retail.
Days on Market103
Property Features for 1247 W 7th St
General Information
- Standard status
- Pending
- Property subtype
- Land
Listing agency
Savills Los Angeles (Downtown)
Listed by
Ryan Knowles · License #CA 02042188
Source
Crexi
Added: Apr 11 Updated: Jul 21 at 4:46AM Checked: Jul 21 at 4:46AM
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 Savills Los Angeles (Downtown)
Investment Insights
Based on property information with market context.
This redevelopment land opportunity at 1247 W 7th Street is currently a surface parking lot occupied by City Center Parking, Inc. The site is offered as a fully entitled mixed-use high-rise concept, including 306 residential units, approximately 5,960 square feet of street-level retail space, and two floors of subterranean parking.
The property is positioned in the Downtown – City West submarket of Los Angeles. The current operation generates approximately $240,000 in annual rent, which the remarks state covers about 96% of current carrying costs.
The property is positioned in the Downtown – City West submarket of Los Angeles. The current operation generates approximately $240,000 in annual rent, which the remarks state covers about 96% of current carrying costs.
Key Highlights
- 1247 W 7th Street redevelopment site in Downtown – City West, Los Angeles
- Fully entitled mixed‑use high‑rise plan with 306 residential units
- Includes 5,960 SF of street‑level retail space
Property Analytics
Location Intelligence
Current Use by Public Records
Lifan Tower
Construction Company
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Surface parking lot redevelopment site with entitlement for mixed-use high-rise and street-level retail.
Where is this commercial land located?
The property is located at 1247 W 7th St Los Angeles, CA.
What are key features of this property?
This property features: 1247 W 7th Street redevelopment site in Downtown – City West, Los Angeles; Fully entitled mixed‑use high‑rise plan with 306 residential units; Includes 5,960 SF of street‑level retail space
