Description

129 W 3rd Street presents a rare fee-simple land opportunity in the heart of Downtown Los Angeles. This 0.633-acre site is fully entitled and zoned [Q]C4-4D, allowing for significant density and a broad mix of residential and commercial uses. With entitlements already in place, investors and developers can expedite their project timeline and capitalize on one of the most dynamic real estate markets in Southern California.

Situated on the hard corner of W 3rd Street and S Spring Street, the property delivers exceptional exposure and accessibility. The site’s highest and best use is a multifamily or mixed-use development, perfectly aligned with the city’s ongoing residential demand and ground-floor retail growth. Its generous developable acreage offers flexibility for a high-rise residential tower, boutique apartments, or a mixed commercial podium with street-level activation.

Downtown Los Angeles continues to benefit from robust employment growth, world-class cultural amenities and a thriving live-work-play environment. This parcel is within walking distance of major transit lines, the Arts District, the Financial District and a diverse roster of dining and entertainment venues. Proximity to public transportation and pedestrian corridors ensures strong future leasing velocity and long-term asset performance.

With entitlements in hand and zoning that encourages ambitious development, 129 W 3rd Street stands out as a turnkey acquisition for institutional investors, private equity and seasoned developers. Seize the opportunity to shape the next iconic Downtown LA address. For further details and to discuss pricing, please contact the listing team.