511 Grand ave Lot | Terrain commercial | 0,55 ha | À vendre | 17 257 400 € | Los Angeles, CA 90012

511 N Grand Avenue presents a rare opportunity to acquire a fully entitled development site in the heart of Downtown Los Angeles. Spanning approximately 1.37 acres, the property is positioned at the intersection of Grand Avenue and West Cesar E Chavez Avenue, offering exceptional visibility and access from the 101 Freeway. The site is entitled for a 22-story mixed-use tower featuring 299 residential units and 8,000 square feet of ground-floor retail space, with the flexibility to revise plans to meet market demand or pursue a condominium conversion.
The property benefits from its location within an amenity-rich urban core, minutes from cultural destinations such as Little Tokyo and Chinatown, and within walking distance to the Civic Center/Grand Park Metro Station. Zoning and TOC bonuses support high-density development, making this an attractive option for developers seeking to capitalize on Los Angeles’ strong housing demand.
Currently, the site generates $148,000 in annual income from a month-to-month Burger King lease, providing cash flow during the entitlement process. With its prime location, transit-oriented setting, and entitlement status, this property offers significant upside for investors and developers targeting the DTLA market.