Mixed-Use Residential Development
For Sale
Contact for pricing
Pending
845 S Olive Street & 842 S Grand Avenue, Los Angeles, CA 90014
Fee simple sale of a fully entitled site for two market-rate residential towers with podium parking and rooftop garden.
Property SizeContact for details
Days on Market133
Property Features for 845 S Olive Street & 842 S Grand Avenue
General Information
Standard status
Pending
Property subtype
Mixed Use
Amenities
rooftop garden
outdoor amenity areas
private balconies
water feature
Listing Agency:
Cushman & Wakefield Los Angeles
Listed By:
Brittany Winn · License #CA 01978909
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Aug 21 at 8:55AM
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 Cushman & Wakefield Los Angeles
Investment Insights
Based on property information with market context.
Cushman & Wakefield of California, Inc., as Exclusive Advisor, is pleased to offer the fee simple sale of The Grand Olive, a fully entitled mixed-use development site at 845 S. Olive Street and 842 S. Grand Avenue in Downtown Los Angeles.
Approved building plans call for ground-up development of two market-rate residential towers, consisting of a 22-story tower and a 4-story tower, above 8 levels of podium parking. The design includes a rooftop garden on the 9th level that connects the two towers, along with numerous outdoor amenity areas and private balconies. A calming water feature is also incorporated into the plan.
The tentative tract map provides flexibility for the developer’s selection between rental or condominium preference.
Approved building plans call for ground-up development of two market-rate residential towers, consisting of a 22-story tower and a 4-story tower, above 8 levels of podium parking. The design includes a rooftop garden on the 9th level that connects the two towers, along with numerous outdoor amenity areas and private balconies. A calming water feature is also incorporated into the plan.
The tentative tract map provides flexibility for the developer’s selection between rental or condominium preference.
Key Highlights
- Fee simple sale of a fully entitled mixed‑use development site at 845 S. Olive St. and 842 S. Grand Ave.
- Approved plans for two market‑rate residential towers: a 22‑story tower and a 4‑story tower.
- Podium parking with both towers planned above 8 levels of podium parking.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
24,350
Businesses Nearby
Explore this area
Business Placement
Demographics for 90014, CA
9,254
Population
7,618
Households
1.2
Avg Household Size
38
Median Age
43%
College-Educated
86%
High-School Grad
0.3 sq mi
ZIP Area
30,847
Density / Sq Mi
$33,822
Median Household Income
$61,856
Median Earnings
$1,604
Median Rent
$644,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Fee simple sale of a fully entitled site for two market-rate residential towers with podium parking and rooftop garden.
Where is this apartment building located?
The property is located at 845 S Olive Street & 842 S Grand Avenue Los Angeles, CA.
What are key features of this property?
This property features: Fee simple sale of a fully entitled mixed‑use development site at 845 S. Olive St. and 842 S. Grand Ave.; Approved plans for two market‑rate residential towers: a 22‑story tower and a 4‑story tower.; Podium parking with both towers planned above 8 levels of podium parking.
