700 Lookout Dr Los Angeles, CA 90012
9,744 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25186872
HOA Y/N No
Lot Size 9,744 Sqft
Property Description
Don't miss this rare chance to build in the heart of Los Angeles—nestled just below Dodger Stadium and above vibrant Chinatown, with sweeping views of the Downtown LA skyline. The lot slopes down to Bernard Street, with a bridge at the base offering direct access to Chinatown and the Railway Station.
This rapidly transforming neighborhood is experiencing continued growth and gentrification, fueled by the arrival of trendy restaurants, entertainment venues, and cultural landmarks. Nearby attractions include the LA Opera, Disney Concert Hall, Dorothy Chandler Pavilion, Little Tokyo, and more. With excellent freeway and public transit access, residents will enjoy unparalleled connectivity to the best of LA.
Development potential is significant,zoned for up to 12 units, with the added advantage of a TOC Tier 3 designation, which may allow up to 23 units with reduced parking requirements (buyer to verify). This makes the site an exceptional value-add opportunity for investors and developers looking to capture lucrative returns in one of LA's most dynamic submarkets.
Buyer to verify all information regarding zoning, square footage, utilities, and development potential by contacting the City of Los Angeles.
Location
State CA
County Los Angeles
Area C42 - Downtown L.A.
Zoning LAR3
Interior
Fireplace No
Exterior
Fence None
Community Features Curbs, Street Lights, Urban
Utilities Available Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
View Y/N Yes
View City Lights, Neighborhood, Panoramic
Building
Lot Description Walkstreet
Water Public
New Construction No
Others
Senior Community No
Tax ID 5415015048
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard
Virtual Tour https://tour.caimagemaker.com/l/?id=174830IDX
Nearby Locations
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Equitas Academy Charter
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Gabriella Charter
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- 9
Solano Avenue Elementary School
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Kipp los Angeles College Preparatory
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Synergy Charter Academy
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Clifford Street Math & Technology Magent
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Puc Milagro Charter
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Equitas Academy Charter #2
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Dorris Place Elementary
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Latona Elementary School
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Downtown Value
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Micheltorena Elementary
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Thirty-Second Street Usc Performing Arts
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Betty Plasencia Elementary
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Center for Advanced Learning
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20th Street Elementary School
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Dr. Theo. T. Alexander Jr., Science Center
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Accelerated
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Accelerated Elementary Charter
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Camino Nuevo Charter Academy
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Alliance Gertz-Ressler Richard Merkin 6-12 Complex
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Thomas Starr King Middle School
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New Designs Charter
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Hollenbeck Middle School
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Synergy Kinetic Academy
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Florence Nightingale Middle School
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Los Angeles Leadership Academy
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Los Angeles Academy of Arts & Enterprise Charter
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Vista Charter Middle School
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Alliance College-Ready Middle Academy No. 12
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John Adams Middle School
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Dr. Julian Nava Learning Academy - School of Business & Tech
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Puc Excel Charter Academy
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Animo Jefferson Charter Middle School
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Alliance College-Ready Middle Academy No. 5
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William Jefferson Clinton Middle School
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John Liechty Middle School
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Sal Castro Middle School
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Dr. Julian Nava Learning Acads-School of Arts and Culture
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Para los Ninos Middle School
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Alliance Dr. Olga Mohan High School
Public | 9 - 12
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Downtown Business High School
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Francisco Bravo Medical Magnet High School
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Wallis Annenberg High School
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Orthopaedic Hospital
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Math, Science, & Technology Magnet Academy at Roosevelt High School
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Animo Jackie Robinson High School
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Alliance College-Ready Academy High No. 16
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Student Empowerment Academy
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Ramon C. Cortines School of Visual and Performing
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Oscar de la Hoya Animo Charter High School
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Usc Hybrid High School
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Animo Ralph Bunche High School
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Alliance Susan and Eric Smidt Technology High School
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Lincoln High School
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Belmont Sh-la Teacher Preparatory Academy
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Camino Nuevo Charter High School
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Roybal Learning Center
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Boyle Heights STEM High School
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Leadership in Entertainment and Media Arts (Lema)
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