Commercial Land for Sale in Los Angeles, California

The site comprises of approximately 32,500 SF of commercial zoned land at the corner of 8th Street and Garland Ave. This prime location is adjacent to many of the major developments taking place in Downtown and Westlake, respectively. This prime location can be universally recognized as a dynamic redevelopment opportunity. Centrally located between the 10 and 110 freeways, this location is a gateway to the robust neighborhood it inhabits and the future of Downtown LA

Opportunity to Create a High-density multifamily, hotel, retail or office mixed-use with a Floor Area Ratio (FAR) of 9:1. With nearly 100 development projects, including roughly 20 high-rise residential towers. As a result, Downtown LA's population is expected to quadruple in the next 10 years. High-end hotels, award-winning restaurants, prominent retailers and important technology companies from around the world have all entered the market - all of whom will contribute to Downtown's reemergence as a world-class city center. No other US gateway city offers more growth potential and value appreciation than Downtown Los Angeles.

• Property #1
• Banquet Hall
• Property #2
• Commercial / Stores & Residential property
• Owned with a different owner
• It may have approximately $5k/month income
• Property #3
• Commercial / Parking Lot
• About $3k/month income
• Property #4
• 37 Unit Building with ground floor retail
• $32,000 Gross Income
• Completely remodeled in 2010 to City Codes
• 13 Units with full Bathrooms
• 24 Units with shared Bathrooms (2Bathrooms/2Showers per floor)
• The market has 6 years remaining on the lease
• The market can vacant early with 6 months notice of vacant and 50,000 Penalty