Prime Development Opportunity with Panoramic DTLA Views.
Don’t miss this rare chance to build in the heart of Los Angeles—nestled just below Dodger Stadium and above vibrant Chinatown, with sweeping views of the Downtown LA skyline. The lot slopes down to Bernard Street, with a bridge at the base offering direct access to Chinatown and the Railway Station.
This rapidly transforming neighborhood is experiencing continued growth and gentrification, fueled by the arrival of trendy restaurants, entertainment venues, and cultural landmarks. Nearby attractions include the LA Opera, Disney Concert Hall, Dorothy Chandler Pavilion, Little Tokyo, and more. With excellent freeway and public transit access, residents will enjoy unparalleled connectivity to the best of LA.
Development potential is significant,zoned for up to 12 units, with the added advantage of a TOC Tier 3 designation, which may allow up to 23 units with reduced parking requirements (buyer to verify). This makes the site an exceptional value-add opportunity for investors and developers looking to capture lucrative returns in one of LA’s most dynamic submarkets.
Buyer to verify all information regarding zoning, square footage, utilities, and development potential by contacting the City of Los Angeles.
Lot/land
Listed by: Coldwell Banker Envision
$799,000
700 Lookout Dr #1, Los Angeles, CA 90012
--beds
--baths
9,746Square Feet
Unimproved Land
Built in ----
9,746 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Panoramic dtla views
- 287 days |
- 91 |
- 0 |
Zillow last checked:
Listing updated:
Listed by:
Ravinder Sood DRE #01472019 818-554-5050,
Coldwell Banker Envision
Source: CRMLS,MLS#: SR25186872
Originating MLS: California Regional MLS
Facts & features
Interior
Video & virtual tour
Property
Features
- Fencing: None
- Has view: Yes
- View description: City Lights, Neighborhood, Panoramic
Lot
- Size: 9,746 Square Feet
- Features: Walkstreet
Details
- Parcel number: 5415015048
- Zoning: LAR3
- Special conditions: Standard
Utilities & green energy
- Water: Public
- Utilities for property: Electricity Available, Natural Gas Available, Phone Available, Sewer Available, Water Available
Community & HOA
Community
- Features: Curbs, Street Lights, Urban
Location
- Region: Los Angeles
Financial & listing details
- Date on market: 8/19/2025
- Cumulative days on market: 287 days
- Listing terms: Cash to New Loan
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
$2,639/mo
Price history
| Date | Event | Price |
|---|---|---|
| 8/19/2025 | Listed for sale | $799,000 |
Source: | ||
Public tax history
Tax history is unavailable.
Monthly payment
Estimated monthly payment$1,822
All calculations are estimates and provided by Zillow, Inc. for informational purposes only. Actual amounts may vary.
HOA fees may include property taxes on listings classified as Co-Ops. Contact the listing agent and/or owner for fee details.
Mortgage interest rates are dependent on a number of factors, including credit score, down payment, and repayment length. Interest rate data provided by Zillow Group Marketplace, Inc. as of 1/1/1970 from various mortgage lenders with which we have lead or other similar arrangements; the Estimated Payment is an average of those rates.
See how much you could borrow to make a competitive offer.
Climate risks
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 5/10Castelar Street Elementary SchoolGrades: K-8Distance: 0.6 mi
- 6/10Edward R. Roybal Learning CenterGrades: 9-12Distance: 1 mi
- 5/10Miguel Contreras Learning Complex SchoolGrades: 9-12Distance: 1.2 mi
A local agent can set up tours, give advice and negotiate with sellers.
Local buyer's agents are ready to help
- California
- Los Angeles County
- Los Angeles
- 90012
- Downtown
- 700 Lookout Dr Unit 1





