Development Opportunity with DTLA
For Sale
$799,000
700 Lookout Dr, Los Angeles, CA 90012
LAND - Los Angeles, CA
Property SizeContact for details
Lot Size0.22 Acres
Days on Market363
Property Features for 700 Lookout Dr
General Information
Property type
Land
Property subtype
Other
Zoning
LAR3
Lot features
Lot 6500-9999, Walkstreet
View
City
Directions
Stadium Way >Lilac Terrace>Lookout Drive.
Subdivision
C42 - Downtown L.A.
Standard status
Active
APN
5415015048
Lot size
0.22 Acres
Utilities
Utilities
Water Available
Water source
Public
Listing Agency:
Coldwell Banker Envision · Berkshire Hathaway HomeServices
(818) 993-8900
Listed By:
Ravinder Sood · License #01472019
(818) 554-5050
Added: Aug 19, 2025
Changed: Jul 21
Last Checked: Aug 16 at 6:06AM
MLS# SR25186872
Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This property presents a development opportunity in Los Angeles, situated below Dodger Stadium and above Chinatown, offering views of the Downtown LA skyline. The lot slopes down to Bernard Street, with a bridge at the base providing access to Chinatown and the Railway Station. The surrounding neighborhood is experiencing growth, with restaurants, entertainment venues, and cultural landmarks nearby, including the LA Opera, Disney Concert Hall, Dorothy Chandler Pavilion, and Little Tokyo. Freeway and public transit access provides connectivity to Los Angeles. Zoned LAR3, the property has potential for up to 12 units, with a TOC Tier 3 designation potentially allowing up to 23 units with reduced parking. The lot size is approximately 0.22 acres.
Key Highlights
- Panoramic Downtown LA Views
- Prime Development Opportunity in Central Los Angeles
- Zoned for up to 12 Units, Potential for up to 23 Units with TOC Tier 3 Designation (Buyer to Verify)
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,444
Businesses Nearby
Explore this area
Business Placement
Demographics for 90012, CA
33,851
Population
16,541
Households
2
Avg Household Size
37
Median Age
39%
College-Educated
77%
High-School Grad
3.6 sq mi
ZIP Area
9,403
Density / Sq Mi
$67,635
Median Household Income
$44,901
Median Earnings
$2,116
Median Rent
$686,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Land - Land with potential for up to 23 units.
Where is this land located?
The property is located at 700 Lookout Dr Los Angeles, CA.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: Panoramic Downtown LA Views; Prime Development Opportunity in Central Los Angeles; Zoned for up to 12 Units, Potential for up to 23 Units with TOC Tier 3 Designation (Buyer to Verify)
