Downtown L.A. (C42) Land for Sale

Downtown L.A. (C42) Land for Sale

Welcome to the vibrant heart of Downtown Los Angeles (C42), where the pulse of the city beats with energy and excitement! This dynamic region, nestled in the iconic city of Los Angeles, CA, is a melting pot of culture, innovation, and opportunity. With its stunning skyline, historic architecture, and a blend of modern amenities, Downtown L.A. is a sought-after destination for both residents and investors alike.

Imagine owning a piece of this bustling metropolis with the incredible land for sale right in the heart of it all. This prime real estate offers an unparalleled opportunity to develop your vision in one of the fastest-growing urban areas in the country. Whether you're looking to build residential units, commercial spaces, or mixed-use developments, the potential is limitless in this thriving locale.

Downtown L.A. boasts a rich tapestry of experiences, from world-class dining and shopping to cultural hotspots like the Walt Disney Concert Hall and The Broad Museum. With easy access to public transportation, including the Metro system, commuting is a breeze, making it an ideal location for professionals and families alike.

As you explore the possibilities of land ownership in Downtown L.A., envision a lifestyle filled with art, entertainment, and community engagement. This is more than just a location; it’s an opportunity to be part of a vibrant, evolving city. Don’t miss your chance to invest in the future of Los Angeles—where your dreams can take root and flourish!

Newest Downtown L.A. (C42) Land for Sale

1725 E Florence Avenue, Los Angeles
$1
26102603 MLS ⋅ Active Status
*CALL FOR OFFERS* || Kidder Mathews is pleased to present 1725 E Florence Avenue, a vacant multifamily development site situated in the unincorporated community of Florence-Graham in South Los Angeles, governed by Los Angeles County rather than the City of Los Angeles. The site is currently vacant and ready for development, positioned within a community that Los Angeles County has actively prioritized for housing production through its Housing Element and Metro Area Plan, reflecting a supportive regulatory environment for new multifamily development. || The property sits directly adjacent to the Metro A Line Florence Station, one of the original light rail stations on the A Line connecting Downtown Los Angeles to Long Beach. The Florence corridor has attracted meaningful transit-oriented investment in recent years, with multiple affordable and mixed-income housing developments underway in close proximity, reflecting growing institutional and public sector confidence in the submarket. Florence-Graham is one of the densest communities in Los Angeles County, home to over 60,000 residents across just 3.5 square miles, underscoring the depth of housing demand in the immediate area. || *As an unincorporated LA County site, the project falls outside the City of Los Angeles, meaning Measure ULA does not apply and new construction is exempt from the County's Rent Stabilization Ordinance, providing full flexibility on rents at delivery and through lease-up.* || The site has received RTI approval for a 135-unit multifamily development inclusive of a leasing office, with no minimum parking requirement, meaning all discretionary entitlement hurdles have been cleared and a developer can proceed directly to permit issuance and construction. This eliminates the entitlement timeline that commonly adds significant time and cost to a development project in Los Angeles. The property falls within the Florence-Firestone Transit Oriented District Specific Plan, a framework adopted by the LA County Board of Supervisors in 2023 specifically to encourage multifamily and mixed- use development within a half-mile radius of the A Line's Florence, Slauson, and Firestone stations. The site also sits within the Metro Area Plan coverage area, LA County's long-range planning document adopted in 2024 that streamlines land use regulations across seven unincorporated communities to support housing production and transit-oriented growth. The combination of a clear entitlement path, transit adjacency, and a supportive planning framework makes this a compelling opportunity for a developer ready to execute.

1725 E Florence Avenue, Los Angeles

3042 Royal Street, Los Angeles
$1,395,000
26876337 MLS ⋅ Active Status
We are pleased to present 3042 Royal St., an exceptional development opportunity in one of the most sought-after pockets of the USC student housing market, just steps from USC Village and the University of Southern California. Situated on a 5,424 SF lot with valuable alley access, the property offers a rare combination of location, zoning, and development flexibility. Located in an area where well-designed student housing can command premier rents, the property offers developers multiple potential paths to maximize the site. LAR3-zoned development sites are extremely rare within the USC student housing submarket, making the property particularly attractive for developers seeking density in a highly constrained location. The property allows for up to 6 units by right plus ADUs and is also located within a TOC Tier 3 designation, providing the potential for up to 12 TOC units plus ADUs, subject to buyer verification. Importantly, the property has been vacant for more than five years, potentially allowing a developer to redevelop the site without replacement affordable housing requirements and pursue a fully market-rate student housing project, subject to buyer verification. Alternatively, a buyer may explore renovating and expanding the existing approximately 1,566 SF structure, creating additional density while preserving and enhancing the existing improvements. With strong housing demand driven by USC, the potential to achieve premier student housing rents, LAR3 zoning, TOC Tier 3 incentives, alley access, and multiple redevelopment strategies, 3042 Royal St. represents a compelling opportunity to develop or reposition a property in the heart of the USC student housing market.

3042 Royal Street, Los Angeles

3015 Shrine Place, Los Angeles
$2,395,000
26876253 MLS ⋅ Active Status
We are pleased to present 3015 Shrine Pl., a premier development opportunity located in the heart of the USC student housing market, just moments from USC Village and the University of Southern California. Positioned on an expansive 10,071 SF lot with alley access, the property offers developers a rare chance to acquire a large LAR3-zoned site with multiple redevelopment strategies in one of the most supply-constrained areas surrounding USC. The property's LAR3 zoning allows for up to 12 units by right plus ADUs, while its TOC Tier 3 designation provides the potential for up to 23 TOC units, subject to buyer verification. LAR3 development sites of this scale are extremely difficult to find within the USC student housing submarket, creating an attractive opportunity for a developer seeking to build a higher-density project capable of commanding premier student housing rents. At approximately $238 per land square foot, the property offers an attractive entry basis for a large, premium LAR3-zoned development site with TOC Tier 3 incentives in the USC student housing market. Another key advantage is the property's occupancy history. 3015 Shrine Pl. is currently vacant and has not been rented at any point during the past five years, potentially providing a path to redevelopment without replacement affordable housing requirements and allowing for a fully market-rate student housing project, subject to buyer verification. For buyers looking to pursue an alternative strategy, the existing approximately 1,988 SF structure may also provide an opportunity for renovation, expansion, and the addition of further density while retaining the existing improvements. With its substantial lot size, LAR3 zoning, TOC Tier 3 incentives, alley access, favorable vacancy history, compelling land basis, and proximity to USC, 3015 Shrine Pl. offers a unique opportunity to create a significant student housing project in one of the strongest rental pockets surrounding the University.

3015 Shrine Place, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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