Vertical on Fig | Hotel and/or Multifamily Development Land Across from Staples Center

1600 South Figueroa St., Los Angeles, CA 90017

  • 61,419 Square Feet
  • Land Hotel
  • For Sale

Summary Description

Vertical on Fig is located at the intersection of Venice Boulevard and Figueroa Street and is comprised of an approximate 1.41 Acres of fee simple,commercial zoned land. Vertical on Fig is at the heart of the Downtown LA Renaissance and can be universally recognized as a dynamic redevelopment opportunity.

Centrally located between the 10 and 110 freeways, Vertical on Fig is a gateway to the robust district it inhabits and the future of Downtown LA.

Lot Size: 61419 Square Feet

Area Available: 61,419 Square Feet

Features:

  • Approximately 1.41-acres of commercial zoned land in Downtown Los Angeles’ expanding South Park district
  • Zoning provides for maximum flexibility in potential uses
  • The Property provides a developer with significant interim income from current tenant during the entitlement and design stages of the development
  • Renowned as having the majority of Downtown LA’s residential buildings, South Park is achieving some of the highest apartment rents and condominium prices in the Greater Downtown LA market
  • Excellent visibility to over 500,000 cars per day from Interstate 110, the 10 Freeway, and the surrounding area
  • Vertical on Fig is within 1-block of the Los Angeles Convention Center, 2 to 3-blocks from the Staples Center, L.A. Live, The Grammy Museum, Regal Stadium Theater, and Microsoft Theater
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