Los Angeles Land for Sale - Koreatown
Cushman & Wakefield U.S., Inc. as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 1316 Linwood (the “Property”), a 0.43-acre multifamily development opportunity in the City West neighborhood of Downtown Los Angeles, a predominantly residential pocket of the submarket. The Property exhibits very good physical utility and a central location, proximate to DTLA’s entertainment district. 1316 Linwood is within walking distance of the Crypto.com Arena, LA Live, Los Angeles Convention Center, and Microsoft Theater and well-positioned to benefit from the millions of visitors expected to attend the 2028 Summer Olympics.
1316 Linwood is zoned R5(CW)-U/6 within the Central City West Specific Plan area, a high-density, multifamily residential zoning designation allowing for a wide range of market-oriented uses. The Property has a by-right density of 6:1 FAR and 217.8 units per acre, and benefits from good utility with extensive frontage. While 1316 Linwood has limited multifamily improvements, only four tenants remain and the Property is otherwise unencumbered, providing buyers with “carte blanche” to pursue their ideal investment & development strategy.
1316 Linwood has a very good location just outside the core of the South Park and Financial districts in DTLA. Over the past 15 years, the South Park district has experienced robust development activity, and contains a high concentration of luxury multifamily, hotel, and office uses, which generate considerable demand for the myriad entertainment, dining, and shopping options available locally. The Property has high visibility and convenient access to a regional transportation network, situated near the confluence of the 110 and I-10 Freeways, which connect to multiple freeways serving Southern California. Moreover, the location is at the true center of the region, with only 11 miles to the Hollywood Burbank Airport, 14 miles to Los Angeles International Airport, and 22 miles to the Ports of Los Angeles and Long Beach.
While not technically included in this offering, there is an opportunity to assemble the Property with an additional 19,000 square feet of contiguous land to the north and south of the Property (APNs 5143-011-001, -005, and -006). Altogether, the Assemblage totals approximately 38,000 square feet of land, forming a rectangular shape with excellent utility, corner exposure, and enhanced overall development potential. Please inquire for additional information.
