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527 Colyton St - Palmetto Colyton Lot • Résidentiel • 1,38 Acres • Los Angeles, CA 90013
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FAITS SAILLANTS DE L'INVESTISSEMENT
- Vested Prior to Measure JJJ - Unlocking Lower Costs
- Proposed entitlements for a 21-story, 346-unit mixed-use development.
- Covered Land Development Site.
- Well-suited for a transformative mixed-use project - ±59,967 SF of Land in the Arts District.
- Potential for interim income through parking and film.
RÉSUMÉ DE L'ANNONCE
Colliers is pleased to present 527 Colyton Street, a premier block-to-block development opportunity spanning 59,967 square feet in one of the most sought-after locations in the Downtown Los Angeles Arts District. Situated in the epicenter of creativity, culture, and rapid growth, the property offers a rare canvas for transformative development.
There are currently proposed entitlements for a 21-story, 346-unit mixed-use development – the Prospective Purchaser has the ability to move forward with the proposed high-rise vision or reposition the site for a mid-rise alternative to better suit their development strategy. The property’s entitlement application was submitted before the implementation of Los Angeles’ Measure JJJ. As a result, future development is not subject to prevailing wage requirements or the increased affordable housing mandates imposed by JJJ. This significantly reduces construction costs and increases project flexibility, offering a rare benefit in today’s regulatory environment.
The property features an existing ±11,000 square foot leased structure that provides income. Additionally, the large on-site parking area presents opportunities for supplementary revenue through parking operations and film production uses while entitlements are in progress.
527 Colyton presents a compelling opportunity to shape the future of the Arts District with a bold, highly visible project in one of Los Angeles’ most dynamic urban neighborhoods.
There are currently proposed entitlements for a 21-story, 346-unit mixed-use development – the Prospective Purchaser has the ability to move forward with the proposed high-rise vision or reposition the site for a mid-rise alternative to better suit their development strategy. The property’s entitlement application was submitted before the implementation of Los Angeles’ Measure JJJ. As a result, future development is not subject to prevailing wage requirements or the increased affordable housing mandates imposed by JJJ. This significantly reduces construction costs and increases project flexibility, offering a rare benefit in today’s regulatory environment.
The property features an existing ±11,000 square foot leased structure that provides income. Additionally, the large on-site parking area presents opportunities for supplementary revenue through parking operations and film production uses while entitlements are in progress.
527 Colyton presents a compelling opportunity to shape the future of the Arts District with a bold, highly visible project in one of Los Angeles’ most dynamic urban neighborhoods.
FAITS SUR LA PROPRIÉTÉ
1 LOT DISPONIBLE
Lot
| Taille du lot | 1,38 AC |
| Taille du lot | 1,38 AC |
Walk Score®
Un paradis pour un marcheur (90)
Transit Score®
Excellent transport en commun (75)
Bike Score®
Très cyclable (70)
Impôts fonciers
| Numéros de lot | Évaluation des bâtiments | 0 $ CAD | |
| Évaluation du terrain | 8 990 666 $ CAD | Évaluation totale | 8 990 666 $ CAD |
Impôts fonciers
Numéros de lot
Évaluation du terrain
8 990 666 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
8 990 666 $ CAD
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527 Colyton St - Palmetto Colyton
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