Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present the opportunity to acquire 1045 Olive (“Property” or “Site”), a 0.86-acre value-add retail and redevelopment opportunity in the South Park neighborhood of Downtown Los Angeles, CA. The prime location offers a rare chance to shape the future of one of Los Angeles’s most dynamic and rapidly evolving neighborhoods.
Situated in the heart of South Park, 1045 Olive represents a strategic investment in Downtown Los Angeles’ continued growth and transformation. The Property, comprising 37,461 square feet (0.86 acres), is ideally positioned to capitalize on the area’s ongoing revitalization and the anticipated surge in development leading up to the 2028 Los Angeles Olympics. With its proximity to world-class entertainment venues, thriving business districts, and cultural landmarks, this Site presents an unparalleled opportunity for visionary developers and investors to create a landmark project that will contribute to the evolving skyline of Downtown Los Angeles or to explore alternative uses that capitalize on the area’s high demand
The Property’s location in South Park, known for its mix of high-end residential towers, top-tier office spaces, and vibrant retail projects, further enhances its appeal. As Downtown Los Angeles continues to attract significant investment and undergoes urban renewal, 1045 Olive stands out as a key opportunity to participate in this transformative period. The Site’s location near LA Live, Crypto.com Arena, and the Peacock Theatre makes it ideal for various uses, such as utilizing the existing residential entitlement building or parking lot serving the abundance of amenities.
