Residential Income – 920 S Hill St, Los Angeles, CA 90015, USA -001-11-30T00:00:00-08:00
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 Joe’s Parking on a month-to-month lease, the
920 S Hill St, Los Angeles, CA 90015, USA
$27,000,000 USD
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Address920 South Hill Street, Los Angeles
Price$27,000,000
Price Changed10% (-$3,000,000, 11 days ago)
Year Built2019
Bedrooms Total0
Living Area22,935 ft2
Lot Size (Sq.Ft.)22,935
Listing IDSR19231196
StatusActive
Parcel Number5139003013
ZoningLAR5
Special ConditionsStandard
Days on Market246

Detailed 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 Joe’s 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 and 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.

Laundry
Pool Private
Rent Control
Senior Community
Property Attached
Land Lease

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Address Information
Address920 South Hill Street, Los Angeles
Street PrefixSouth
Street SuffixStreet
CityLos Angeles
Location (MLS Area)C42 – Downtown L.A.
County Or ParishLos Angeles
Postal Code Plus41612
CountryUS
Financial Information
Price Changed-10%
Previous Price$30,000,000
Price per Square Foot$1,177.24
Price per Lot Square Foot$1,177.24
Special ConditionsStandard
Tax Year2020
Tax Lot21
Full Descriptions
Parcel Number5139003013
Detailed DescriptionINCREDIBLE 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 Joe’s 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 and 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.
Lot Features0-1 Unit / Acre
Community FeaturesUrban
Water SourcePublic
Laundry FeaturesInside
Sewer DescriptionPublic Sewer
Pool FeaturesPrivate, Roof Top
Property parameters
Year Built2019
Living Area (Sq.Ft.)22,935 ft2
Lot Size (Sq.Ft.)22,935
Lot Size (Acres)0.527
Lot Size SourceAssessor
Number of Buildings1
Number of Units Total239
ZoningLAR5
Parking Spaces329
Garage Spaces329
Water SourcePublic
Units Total239
Year Built SourceBuilder
Number of Separate Electric Meters239
Number of Separate Gas Meters239
Number of Separate Water Meters239
Listed withRommy Shy (Rommy Shy)
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