Millman Team Real Estate

$19,500,000
1.03 Acre Lot

1247 W 7th, Los Angeles, California 90017

  • Land Property Type
Property Description

Exceptional DTLA Development Opportunity! Rare offering of two contiguous parcels totaling approximately 45,041 square feet in the highly sought-after Central City West / Westlake area of Downtown Los Angeles. APNs: 5143-020-013 and 5143-020-020.

Located in one of Los Angeles’ fastest-growing urban neighborhoods, this premier site offers tremendous potential for future mixed-use or residential redevelopment. The property previously underwent an extensive planning and design process, and conceptual plans for a high-rise mixed-use residential project are available for review. While prior approvals have expired, the existing studies and plans may provide valuable insight for developers pursuing a new entitlement process.

Ideally situated near LA Live, Crypto.com Arena, the Financial District, major employment centers, dining, entertainment, and public transportation, the location boasts a Walk Score of 93 (“Walker’s Paradise”) and Transit Score of 95 (“Rider’s Paradise”). Surrounded by ongoing redevelopment and new construction, this is a unique opportunity to secure a sizeable development site in the heart of DTLA.

Basic Details
Land
For Sale
TR26134876
$19,500,000
City Lights
1.03 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Los Angeles
90017
7th
1247
W119° 43' 58.7''
N34° 3' 8.8''
W on Wilshire, S on Lucas, W on 7th St. Subject land is on right hand side
C42 - Downtown L.A.
W
C4/CW
Additional Information
$0
$0
$0
$0
$0
: Sidewalks
: Parking Lot
: Flag Lot
2026-06-19
Residential
1950000
: Other
Broker/Agent Information
Harvest Realty Development
Yang Tang
Listing Information
TRTANGYAN
PB20107
Cash,1031 Exchange
Active
2026-06-20T16:57:40Z
CRMLS
: Standard
2026-06-19T23:13:03Z
Agent info
Ray Millman
Mortgage Calculator
$
$ %
years
%
$ %per year
$ %per year

$
Contact Agent
Contact Us