See Home Value
$900,000 - $1,098,000
Land - Off Market

700 Lookout Drive

Los Angeles, CA 90012
bedrooms
Studio
bathrooms
0 Bath
Transfer
Buyer

About This Property

A rare opportunity to build in the thick of things, below DODGERS STADIUM AND ABOVE CHINA TOWN with an AMAZING VIEW OF DTLA SKYLINE! Lot slopes down to Bernard St down below. Bridge at the base of the lot across from it will transport you to China Town and the Railway Station. There is a continued gentrification of the surrounding areas along with the value-add potential for a new owner to build and achieve lucrative future returns. Area is in a FLUX & growing with the emergence of Hip Restaurants and places of entertainment. Close proximity to LA Opera, Disney Concert Hall, Dorothy Chandler Pavilion, Union Station , Little Tokyo , area Freeways , public transportation, easy access to DTLA and several development projects in the vicinity is changing the demographics to include Millennials & Generation Z. Potential to build 12 units and TOC Tier 3 may allow up to 23 units due to close proximity to Railway Station with reduced parking. Buyer to verify all information regarding zoning, square footage, utilities, etc.
Unit Size
-
Days on Market
-
Land Size
0.22 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-

Price History

Date / Event Date Event Price
Apr 1, 2024 No longer available -
No longer available
Aug 15, 2023 Listed $999,000
Listed
Mar 16, 2022 No longer available -
No longer available
Mar 6, 2022 Relisted $1,499,000
Relisted
Dec 21, 2021 In contract -
In contract
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Property Highlights



Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
5 Beds
5 Baths
-
$830,000 Feb 24, 2019
$830,000 Feb 23, 2021
-
House
5 Beds
5 Baths
-
$830,000 Feb 24, 2019
$830,000 Jan 25, 2021
-
Commercial
Loft
-
-
$1,195,000 May 9, 2023
-
-
Multifamily
3 Beds
4 Baths
2,072 ft²
$531/ft²
$1,100,000 Aug 25, 2023
-
-
House
2 Beds
1 Bath
1,410 ft²
$780/ft²
$1,099,999 Mar 13, 2023
-
-
Multifamily
2 Beds
-
-
$875,000 Aug 4, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 700 Lookout Drive built and last sold?
The property at 700 Lookout Drive was built in and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 700 Lookout Drive is $1,008,990.
What are some comparable homes to 700 Lookout Drive?
Homes that are comparable to 700 Lookout Drive include a commercial property at 340 Firmin Street, a multifamily property at 916 North Beaudry Avenue, a house property at 1348 Portia Street.

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