$1,800,000

About this home

We are pleased to present an exceptional development opportunity in Downtown Los Angeles. Rare vacant corner lot located at 1400 W Miramar St, offering approximately 8,454 square feet with dimensions of roughly 60' x 141'. Zoned CW (comparable to R4 zoning) and situated within a TOC Tier 2 zone, this property presents a compelling opportunity for developers seeking a multifamily or affordable housing project in a rapidly growing urban corridor. The site has been vacant for over five years, eliminating the need for tenant relocation and avoiding complications associated with occupied properties. Current zoning allows for approximately 21 residential units by right, with the potential for up to 43 units utilizing TOC incentives and ADUs (buyer to verify). The property may also be a strong candidate for an ED1 100% affordable housing development.Ideally positioned in the heart of Downtown Los Angeles, this centrally located property offers convenient access to major employment centers, public transportation, shopping, dining, entertainment, and essential city services. Just minutes from some of LA's premier destinations, including LA Live, Crypto.com Arena, and the Los Angeles Convention Center, the site benefits from a vibrant mix of restaurants, retail, nightlife, and cultural attractions. With easy access to major freeways and numerous employment hubs, its strategic location and development-friendly characteristics make it a standout opportunity for investors and builders seeking to capitalize on the continued demand for housing in one of Southern California's most dynamic urban markets. Buyer to independently verify all zoning, development potential, density bonuses, TOC incentives, ED1 eligibility, and applicable building requirements with the City of Los Angeles. Contact listing agent for additional information.

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