Listed by Lee & Associates - Los Angeles - Downtown
$16,000,000
DTLA High Density Residential Development Opportunity
Details
APN 5133-008-001,5133-008-002,5133-008-003,5133-008-004,5133-008-008
Property Type Multifamily
Sub Type Apartment Building
Square Footage 37,116
Price per SqFt $431
Acreage 0.850
Zoning [HB2-G1-5] [CX3-FA] [CPIO-O]
Investment Type Redevelopment
1401-1421 South Main Street, Los Angeles, CA 90015
Marketing description
1401–1421 S Main Street presents a rare opportunity to acquire a ±0.85-acre urban infill development site in the heart of Downtown Los Angeles.
Investment highlights
- Zoned HB2 / CX3 with CPIO overlay, allowing high-density mixed-use residential development.
- Located in a Transit-Oriented Community (Tier 3) and Opportunity Zone, enabling density and financial advantages.
- Development stack enables high-density, low-friction approvals with ministerial pathways.
- Fully positioned for mixed-use high-density multifamily development with high yield:
- By Right: 315 Units.
- State Density Bonus: 370+ Units.
- AHIP Incentives: 500+ units.
- Located within the Fashion District / South Park growth corridor
- Strong Historical and Projected Residential Demand
- Southern DTLA Location
- Proximity to Major Entertainment
- Away from Unwanted DTLA Zones
- Easy Transit Access
- Large, contiguous assemblage with efficient rectangular layout and strong frontage.
- No parking required under AB 2097, significantly reducing construction cost.
- No density cap (FAR-driven)—rare for urban infill sites.
- Ability to stack incentives (DCBP + AHIP + PBIP) for maximum yield.
- Surrounded by institutional demand drivers: USC, Crypto.com Arena, Convention Center, Fashion District.
- Strong rental comparables and absorption in immediate submarket
- High-Density Development Site - Adjacent to DTLA South Park
- Rare Infill Site with Scalable Density for 315-500+ Units
- Location Surrounded by Proven Multifamily Demand
- Transit-Oriented, Opportunity Zone Site Ideal for Residential
- High-Yield Mixed-Use Site with Streamlined Entitlements
- Income in Place from Existing Tenants and Seller Lease Back
Listing Contacts
Listed by Lee & Associates - Los Angeles - Downtown
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