PROPOSED DEVELOPMENT OPPORTUNITY
Colliers International is pleased to present for sale the property at 1240-1264 W. 2nd Street in the Downtown Los Angeles (DTLA) neighborhood of City West. Retained by the seller as exclusive advisors, Colliers is offering a rare opportunity to acquire redevelopment land totaling approximately 39,256 square feet. The property, also known as Bella Vista Tower, is a fully-entitled multifamily, mixed-use apartment development. The property’s location along Second Street will offer unobstructed 360-degree views of Los Angeles.
INVESTMENT HIGHLIGHTS
39,256 SF
Redevelopment Land
FULLY-ENTITLED
Mixed-Use Multifamily Development
93.7%
Los Angeles Market: Apartment Occupancy Rate
PROPERTY OVERVIEW
335 UNITS
Fully-Entitled
UNOBSTRUCTED VIEWS
Pacific Ocean
DLTA Core
Hollywood Sign
DTLA CITY WEST NEIGHBORHOOD
Less Traffic & Less Noise Compared to DTLA Core
5 MINUTES FROM
DTLA Core
Echo Park
Silver Lake
Chinatown
CLOSE TO MASS TRANSIT
110 & 101 Freeways
Quicker Commute To Anywhere In The City
CORNER TO CORNER FRONTAGE
Along Emerald Street
DEVELOPMENT DETAILS
24-STORIES
Mixed-Use Entitlement
335 ENTITLED UNITS
34 Units For Low-Income Residents
237 CAR PARKING STALLS
335 Bicycle Stalls
11,000 SF
Potential Commercial Space
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