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23rd & Hill Transit-Oriented Redev 4 Properties in Los Angeles, CA
INVESTMENT HIGHLIGHTS
- Rare Five-Way Intersection Exposure With Strong Visibility
- Walkable to Two Metro Rail Lines and Major Freeways
- Flexible Zoning for Mixed-Use or Creative Office
- Located in a Federally Designated Opportunity Zone
- Surrounded by $3B+ in Institutional Development
- Immediate Proximity to USC, Staples Center, and LA LIVE
EXECUTIVE SUMMARY
Positioned at the dynamic intersection of Downtown LA’s South Park and University Park neighborhoods, the 23rd & Hill site offers a rare four-parcel assemblage totaling ±39,460 SF of land with ±26,500 SF of existing improvements. Zoned LA-M1 and located within a federally designated Opportunity Zone, this property presents a compelling redevelopment or repositioning opportunity for investors seeking to capitalize on transit-oriented growth and institutional momentum.
The site benefits from immediate access to the 10 and 110 Freeways and is within walking distance of two Metro Rail lines (Expo and Blue), offering seamless connectivity to Santa Monica, Long Beach, and LAX via the Crenshaw Line extension. Its proximity to major employment and cultural hubs—including USC, Staples Center, LA Convention Center, and the Lucas Museum—positions it as a strategic gateway between Downtown and the city’s westside.
Surrounding developments totaling over $3 billion—including The REEF, USC Village, and LATTC expansion—have transformed the area into a high-density mixed-use corridor. The neighborhood’s strong residential fundamentals are underscored by rising rents, low vacancy rates, and over 1,100 units under construction within a 1-mile radius. Whether envisioned as a creative office campus or a hybrid live/work residential concept, 23rd & Hill offers unmatched visibility, flexible zoning, and access to a skilled labor pool.
The site benefits from immediate access to the 10 and 110 Freeways and is within walking distance of two Metro Rail lines (Expo and Blue), offering seamless connectivity to Santa Monica, Long Beach, and LAX via the Crenshaw Line extension. Its proximity to major employment and cultural hubs—including USC, Staples Center, LA Convention Center, and the Lucas Museum—positions it as a strategic gateway between Downtown and the city’s westside.
Surrounding developments totaling over $3 billion—including The REEF, USC Village, and LATTC expansion—have transformed the area into a high-density mixed-use corridor. The neighborhood’s strong residential fundamentals are underscored by rising rents, low vacancy rates, and over 1,100 units under construction within a 1-mile radius. Whether envisioned as a creative office campus or a hybrid live/work residential concept, 23rd & Hill offers unmatched visibility, flexible zoning, and access to a skilled labor pool.
PROPERTY FACTS
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 26,500 SF |
| Number of Properties | 4 | Total Land Area | 0.92 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 26,500 SF |
| Total Land Area | 0.92 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
|
23rd & Hill
222 23rd st, Los Angeles, CA 90007 |
Land | 0.19 AC | - | - |
| 2301 S Hill St, Los Angeles, CA 90007 | Office | 12,759 SF | 2023 | - |
| 219-223 W 24th St, Los Angeles, CA 90007 | Office | 7,621 SF | 2023 | - |
| 2315 S Hill St, Los Angeles, CA 90007 | Office | 6,120 SF | 2023 | - |
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23rd & Hill Transit-Oriented Redev
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