1220-1240 Hope StLos Angeles, CA 90015

Property Details for 1220-1240 Hope St

Lot size

0.97 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This 0.97-acre commercial land parcel, located at 1220-1240 S Hope St, Los Angeles, CA 90015 (APN 5139-022-003, -004, -020, & -021), presents a unique development opportunity in the heart of Downtown Los Angeles' South Park neighborhood. Zoned R5-4D-O, this property boasts a high-density designation allowing for a wide range of uses, including multifamily residential development. Situated within the Greater Downtown Housing Incentive Area, it permits unlimited height and density, governed by a 6:1 FAR (floor area ratio), potentially increasing to 13:1 with incentives. Preliminary plans for an 8-story, 565-unit multifamily project already exist. The site benefits from its proximity to major entertainment venues like Crypto.com Arena and the LA Convention Center, making it ideally positioned to capitalize on the anticipated influx of visitors for the 2028 Summer Olympics. Its location offers excellent access to regional transportation networks, including major freeways, and is conveniently close to both Hollywood Burbank Airport and LAX. While some existing structures are present, they are vacant and the property is unencumbered, offering developers a clean slate for their vision. This prime urban infill location provides high visibility and significant development potential. Buyers are responsible for verifying all zoning information.

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0401

Longitude

-118.265

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].