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$ 2,300,000
Est. payment /mo
New
109 W 14th PL Los Angeles, CA 90015
9,500 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25515137
HOA Y/N No
Lot Size 9,500 Sqft
Property Description
We are proud to exclusively represent a premier commercial and residential development site at 109 W 14th Pl, Los Angeles, CA 90015. This 9,499 SF vacant lot, zoned [HB2-G1-5] [CX3-FA] [CPIO-O], presents an exceptional opportunity for ground-up mixed-use, retail, or residential development. Currently vacant, the property is well-suited for 100% affordable housing projects, including those qualifying for Section 8 programs, addressing the increasing demand for affordable housing in Los Angeles. The property is in the Tier 8, Small Area Fair Market Rent (SAFMR) category, the site offers maximum potential rent benefits, making it an ideal investment for developers focused on affordable housing. With an impressive 92 Walk Score and 99 Transit Score, the property is located in a vibrant commercial and residential area near downtown Los Angeles, retail centers, and major transit routes. Its strategic position allows for no parking requirements in a redevelopment project, maximizing the site's buildable potential. Positioned within an Opportunity Zone, the site provides significant economic and tax advantages, including capital gains tax incentives and long-term investment growth potential. These benefits, combined with its prime location and strong market demand, make it highly attractive to developers and investors. Located in the heart of Downtown Los Angeles, this property is surrounded by a vibrant mix of commercial and residential developments, offering exceptional connectivity to major highways and public transit. With valuable incentives like no parking requirements and density bonuses, it provides a prime opportunity to maximize development potential.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning [HB2-G1-5] [CX3-FA] [CPIO
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights
Building
New Construction No
Others
Senior Community No
Tax ID 5133010002
Special Listing Condition Standard
Listed by Jordan Petito • Keller Williams Beverly Hills