615-648 New High St
Los Angeles, CA 90012
Land For Sale · 1.88 AC

Kidder Mathews presents a rare opportunity to acquire a 1.88-acre commercial portfolio in the vibrant Chinatown neighborhood of Los Angeles. Comprising nine contiguous parcels with seven buildings and multiple parking lots, this receivership sale offers ±56,914 square feet of improvements across retail, industrial, residential, and specialty-use assets. Zoned for mixed-use development (DM2-G1-5, CX2-FA, CPIO), the site is ideally positioned for transformative redevelopment in one of LA’s most culturally rich and rapidly evolving districts.
Located just one mile northeast of Downtown Los Angeles, the portfolio benefits from proximity to Union Station, Metro Light Rail, and walkable access to Little Tokyo, the Arts District, and Civic Center. The area is undergoing a renaissance, with thousands of new housing units and jobs projected under the DTLA 2040 Plan. Surrounding developments include multifamily, office, and retail projects, reinforcing the site’s potential for high-density urban infill.
The portfolio includes a mix of multi-tenant retail, single-tenant industrial, and a historic theater, with several parcels offering surface parking. The site’s inclusion in the Los Angeles State Enterprise Zone provides potential tax incentives for redevelopment. With strong visibility along Spring Street and New High Street, and adjacency to major thoroughfares like Cesar Chavez Avenue and Broadway, this assemblage is primed for a visionary investor or developer seeking scale, flexibility, and location.