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1525 - 1535 Rockwood Street, Los Angeles, CA

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1525 - 1535 Rockwood Street

Los Angeles, CA 90026 - Greater Downtown Submarket

Property Type:Land Parcel Size:.76 Acres
For Sale Price:For Sale Price/Acre:For Sale Price/SF:-

Proposed Use:Apartment Units, Apartment Units - Condo, Single Family Development

On-Site Improv:-

Sale Notes:
Highest & Best Use: Currently, high demand of single family homes continues to outpace supply, while slower pace of apartment construction and robust net absorption resulted in a 20 basis point drop in the County vacancy rate to 3%. Given the Property's size, favorable location and unobstructed views of Downtown Los Angeles, a builder/investor can get creative and develop "For Sale" homes or a combination of residential product types.

The City may allow other uses on the site pursuant to a zone change, variance, or "Q" clarification. Lee & Associates recommends that any prospective purchaser engage a land use attorney, land use consultant, and/or other professionals to properly advise on zoning-related issues.

Lee & Associates Commercial Real Estate Service
Jesse Munoz
(310) 312-4508

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