Redevelopment Land for Mixed-Use
For Sale
Contact for pricing
Pending
1247 W 7th St, Los Angeles, CA 90017
Surface parking lot redevelopment site with entitlement for mixed-use high-rise and street-level retail.
Property SizeContact for details
Days on Market142
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
Changed: Aug 8
Last Checked: Aug 30 at 5:29PM
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
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
11,002
Businesses Nearby
Explore this area
Business Placement
Demographics for 90017, CA
27,295
Population
15,953
Households
1.7
Avg Household Size
33
Median Age
36%
College-Educated
72%
High-School Grad
0.7 sq mi
ZIP Area
38,993
Density / Sq Mi
$51,317
Median Household Income
$35,076
Median Earnings
$1,669
Median Rent
$675,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
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
