This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
$19,500,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/24
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.
Full Property Details
Full Property Details for 1247 W 7th
General
- Price: $19,500,000
- Status: Active
- Type: Lots/Land
- Source: MRMLS
- MLS ID: TR26134876
- Updated: 6/20/2026
- Days on Market: 3 days
- Added to Site: 4 day(s) ago
Location
- Area: C42 - Downtown L.A.
- County: Los Angeles
- Development Name: C42 - Downtown L.A.
- Driving Directions: W on Wilshire, S on Lucas, W on 7th St. Subject land is on right hand side
Utilities
- Water: Other
Lot Features
- Property View: City Lights
- Lot Size (Acres): 1.034
- Lot Size (Sq. Ft.): 45,041
- Lot Size Source: Assessor
- Present Use: Parking lot
- Potential Use: Residential
- Zoning: C4/CW
- Lot Description: Sidewalks
Financial Considerations
- Price Per Sq. Ft.: $432.94
Listed by Harvest Realty Development, Yang Tang
Get Pre-Approved Today
Schools
Schools serving 1247 W 7th
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Esperanza Elementary School, Los Angeles, CA 680 Little Street, Los Angeles, CA 90017 | K-5 | 0.3 mi |
John H. Liechty Middle School 650 South Union Avenue, Los Angeles, CA 90017 | 7-8 | 0.2 mi |
Miguel Contreras Learning Complex School 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.5 mi |
Contreras Learning Center-Los Angeles School Of Global Studies 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.5 mi |
Contreras Learning Center-School Of Social Justice 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.5 mi |
Academic Leadership Community School 322 Lucas Avenue, Los Angeles, CA 90017 | 9-12 | 0.5 mi |
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026 | 9-12 | 0.7 mi |
Edward R. Roybal Learning Center 1200 Colton Street, Los Angeles, CA 90026 | 9-12 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1247 W 7th
Date
Details
Price
Change
Source
6/19/2026
Listed
$19,500,000
2.2%
MLS
1/06/2016
Sold
$19,080,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1247 W 7th
Year
Property Taxes
Change
Tax Assessment
Change
2025
$234,055
102%
$19,384,686
2%
2024
$115,748
-49%
$19,004,595
2%
2023
$226,974
5%
$18,631,956
2%
2022
$216,382
1%
$18,266,624
2%
2021
$213,780
-1%
$17,908,455
1%
2020
$216,018
4%
$17,724,826
2%
2019
$207,356
—
$17,377,281
2%
2018
$206,402
2%
$17,036,550
2%
2017
$201,904
34%
$16,702,500
34%
2016
$150,611
88%
$12,441,888
91%
2015
$80,041
-2%
$6,520,000
—
2014
$81,895
45%
$6,520,000
48%
2013
$56,361
—
$4,405,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1247 W 7th
1247 W 7th, Los Angeles, CA 90017 (MLS# TR26134876) is a Lots/Land property with a lot size of 1.0340 acres. 1247 W 7th is currently listed for $19,500,000 and was received on June 19, 2026. Want to learn more about 1247 W 7th? Do you have questions about finding other Lots/Land real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

