
Armstrong Garden Center
1340 South Harbor Boulevard, La Habra, CA, 90631, US
€5,729,000 | 1,311 sm
THE OFFERING
Jones Lang LaSalle Americas, Inc. (“JLL”), as the exclusive advisor, is pleased to present the opportunity to acquire 1045 Olive (“Property” or “Site”), a 0.86-acre redevelopment opportunity in the South Park neighborhood of Downtown Los Angeles, CA. The prime location offers a rare chance to shape the future of one of Los Angeles’s most dynamic and rapidly evolving neighborhoods.
Situated in the heart of South Park, 1045 Olive represents a strategic investment in Downtown Los Angeles’ continued growth and transformation. The Property, comprising 37,461 square feet (0.86 acres), is ideally positioned to capitalize on the area’s ongoing revitalization and the anticipated surge in development leading up to the 2028 Los Angeles Olympics.
With its proximity to world-class entertainment venues, thriving business districts, and cultural landmarks, this Site presents an unparalleled opportunity for visionary developers and investors to create a landmark project that will contribute to the evolving skyline of Downtown Los Angeles or to explore alternative uses that capitalize on the area’s high demand
The Property’s location in South Park, known for its mix of high-end residential towers, top-tier office spaces, and vibrant retail projects, further enhances its appeal. As Downtown Los Angeles continues to attract significant investment and undergoes urban renewal, 1045 Olive stands out as a key opportunity to participate in this transformative period. The Site’s location near LA Live, Crypto.com Arena, and the Peacock Theatre makes it ideal for various uses, such as utilizing the existing residential entitlement building or parking lot serving the abundance of amenities.
Premier Location
Centrally located with unmatched access to entertainment, dining, retail, and business hubs in the adjacent Financial District. The Property is walking distance to globally recognized amenities, including LA Live, Crypto.com Arena, and the Peacock Theatre.
Development Opportunity
The Property offers significant redevelopment potential with the existing entitlements for a 70-story high-rise with 794 residential units.
Use Potential
The Property can serve a wide range of commercial uses through the upgraded zoning, identifying it as a commercial mixed-use zone. Alternative uses can capitalize on the high foot traffic due to the abundance of amenities in the area and unlock the potential of the Site.
Revitalized Downtown
Downtown LA is a cultural epicenter with a rich history and is expected to be revitalized with proposed efforts by the City of Los Angeles in preparation for the 2028 LA Olympics.