Discover the potential of this exceptional redevelopment opportunity at 1517 W 12th St, Los Angeles, CA 90015. Located in the vibrant Pico-Union neighborhood of Downtown LA, this 6,242 sq ft lot currently houses a vacant 1,667 sq ft single-family home built in 1920-primed for transformation. The property is fully entitled and permitted for a modern seven-story, 26-unit multifamily development, with all approvals and permits in place, allowing construction to begin immediately. The approved plans include:26 residential units (22 market-rate and 4 affordable) and 18 on-site parking spaces strategically positioned just minutes from Crypto.com Arena, LA Live, and the Los Angeles Convention Center, this location offers unbeatable access to entertainment, employment, and transportation hubs. With excellent connectivity via public transit and major freeways, future residents will enjoy seamless access throughout Los Angeles. This shovel-ready project is a rare find for developers, investors, and builders seeking to deliver a high-demand multifamily community in one of LA’s fastest-growing neighborhoods. Don’t miss this prime opportunity to tap into Los Angeles’ thriving real estate market. Contact me today for full plans and additional details.
LISTING AGENT: Kyungho Hwang LISTING BROKERAGE: 4B Advisors Inc.
Courtesy of 4B Advisors Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved. 1517 W 12th Street
Los Angeles, CA
Property Details
Price:
$2,600,000
MLS #:
25522369
Status:
Active
Beds:
3
Baths:
1
Address:
1517 W 12th Street
Type:
Single Family
Subtype:
Single Family Residence
Neighborhood:
c42downtownla
City:
Los Angeles
Listed Date:
Apr 7, 2025
State:
CA
Finished Sq Ft:
1,667
ZIP:
90015
Lot Size:
6,244 sqft / 0.14 acres (approx)
Year Built:
1920
See this Listing
Schools
Interior
Cooling
None
Fireplace Features
None
Flooring
Wood
Heating
None
Exterior
Parking Spots
2.00
Pool Features
None
Spa Features
None
View
City Lights
Financial
Map
Community
- Address1517 W 12th Street Los Angeles CA
- AreaC42 – Downtown L.A.
- CityLos Angeles
- CountyLos Angeles
- Zip Code90015
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