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    920 S Hill Street

    Los Angeles, CA 90015
    • $27,000,000
    • STATUS: Active
    • ON SITE: 186 days
    • ID#: SR19231196
    UPDATED: 35 min ago
    $27,000,000
    • 0
      BEDS
    • 0.53
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 22,935
      SQFT
    • $1,177
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    2019
    County:

    School Ratings & Info

    Description

    INCREDIBLE DEVELOPMENT OPPORTUNITY!The Hill Street Lofts project is located on South Hill Street between 9th St. and Olympic Blvd. in the trendy South Park district of Downtown Los Angeles. Currently leased to Joes Parking on a month-to-month lease, the site is fully entitled for the ground-up construction of a 340 ft. high-rise mixed use project consisting of 239 condominiums and 5,405 sq. ft. of rentable retail space. Amenities include: North and South 7th Floor Amenity decks, pool and roof decks, gym and helipad. All 239 units have 50 sq. ft. balconies. 6 level above ground and 1 level subterranean parking garage with 328 parking spaces and 214 bicycle spaces. Project is FULLY ENTITLED and building permit is ready to issue/shovel ready. All plans have been approved. This parcel is situated adjacent to The Ace Hotel, The Stocking Frame, Crossfit 213 and a short walk from the Staples Center/LA Live, Grand Central Market, Whole Foods, Disney Hall, The Bloc. 7th & Fig and the best shopping, dining and nightlife DTLA has to offer. This project is 100% exempt from union labor and affordable housing requirements adding tremendous value to ROI. Unit Breakdown: Studio: 15 units 1 bedroom: 112 units 2 bedroom: 108 units 3 bedroom: 4 units APNs: 5139003012, 5139003013 Zoning: [Q] R5-4D Lot Area 22,935. Maximum FAR is 9.2:1.

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    Based on information from CRISNet MLS as of 2020-07-13T08:55:53.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-07-13T08:55:53.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/102121019
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    920 S Hill Street Los Angeles, CA 90015

    • Price: $27,000,000
    • Status: Active
    • Updated: 35 min ago
    • ID#: SR19231196
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.53
    Acres
    22,935
    SQFT
    $1,177
    $/SQFT
    2019
    Built
    Neighborhood:
    C42 - Downtown L.A.
    County:
    Los Angeles
    Area:
    C42 - Downtown L.A.
    Property Description
    INCREDIBLE DEVELOPMENT OPPORTUNITY!The Hill Street Lofts project is located on South Hill Street between 9th St. and Olympic Blvd. in the trendy South Park district of Downtown Los Angeles. Currently leased to Joes Parking on a month-to-month lease, the site is fully entitled for the ground-up construction of a 340 ft. high-rise mixed use project consisting of 239 condominiums and 5,405 sq. ft. of rentable retail space. Amenities include: North and South 7th Floor Amenity decks, pool and roof decks, gym and helipad. All 239 units have 50 sq. ft. balconies. 6 level above ground and 1 level subterranean parking garage with 328 parking spaces and 214 bicycle spaces. Project is FULLY ENTITLED and building permit is ready to issue/shovel ready. All plans have been approved. This parcel is situated adjacent to The Ace Hotel, The Stocking Frame, Crossfit 213 and a short walk from the Staples Center/LA Live, Grand Central Market, Whole Foods, Disney Hall, The Bloc. 7th & Fig and the best shopping, dining and nightlife DTLA has to offer. This project is 100% exempt from union labor and affordable housing requirements adding tremendous value to ROI. Unit Breakdown: Studio: 15 units 1 bedroom: 112 units 2 bedroom: 108 units 3 bedroom: 4 units APNs: 5139003012, 5139003013 Zoning: [Q] R5-4D Lot Area 22,935. Maximum FAR is 9.2:1.
    Exterior Features

    Lot Features 0-1 Unit/Acre Lot Size Area 22935.0000 Parking Total 329.00

    Interior Features

    Common Walls No Common Walls Laundry Features Inside Laundry YN Yes

    Property Features

    Additional Parcels YN No Community Features Urban Electric Expense 0.00 Fuel Expense 0.00 Gross Income 0.00 Gross Scheduled Income 0.00 Insurance Expense 0.00 Land Lease YN No Net Operating Income 0.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 239 Number Of Separate Gas Meters 239 Number Of Separate Water Meters 239 Operating Expense 0.00 Pool Features PrivateRoof Top Pool Private YN Yes Professional Management Expense 0.00 Property Attached YN No Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Expenses 0.00 Trash Expense 0.00 Water Sewer Expense 0.00 Water Source Public Zoning Lar5

    Listing provided courtesy of Rommy Shy, CA DRE# , of Rommy Shy.


    Based on information from CRISNet MLS as of 2020-07-13T08:55:53.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2020-07-13T08:55:53.49. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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