Vacant Owner-User Office / Former Medical Building | Los Angeles, CA
2501 S Hill St, 90007 · ±15,859 SF on ±24,906 SF Lot · Vacant · USC / DTLA-South Submarket
Asking
$13.0M
Building
15,859 SF
Lot
24,906 SF
Price / SF
$820
The Opportunity
A vacant ±15,859 SF building on a ±24,906 SF C2 lot, minutes from USC and Downtown — a blank canvas for an owner-user, a medical / institutional operator, or a long-term redevelopment basis.
Why This Asset
Vacant, flexible, and irreplaceable infill near USC.
Vacant & Deliverable at Close
Delivered 100% vacant — an owner-user can occupy the entire ±15,859 SF building, or a buyer can reposition without inheriting in-place tenancy.
Purpose-Built Medical Improvements
A north wing of roughly 8,000 SF was configured as an advanced medical clinic — administrative offices, treatment rooms, waiting and triage areas, lab, and x-ray — a rare head-start for a medical or institutional user.
Central Courtyard · Private Wings
A central courtyard entry gives each wing of the facility independent access — naturally suited to multi-department, owner-plus-tenant, or campus-style occupancy.
USC / DTLA-South Location
Minutes from the University of Southern California, the LA Convention Center, and the Downtown core — one of the most supply-constrained, demand-dense infill submarkets in the city.
24,906 SF C2 Lot · Redevelopment Optionality
C2-2D-CPIO zoning on a ±0.57-acre lot preserves long-term upside for higher-and-better-use redevelopment as the corridor continues to densify.
Renovated Mid-Century Shell
Originally built in 1955 and renovated in the 1990s — a durable masonry shell with a low going-in basis relative to ground-up construction in this submarket.
Property Details
±15,859 SF · ±24,906 SF lot · C2-2D-CPIO · delivered vacant.
Asset
- Address
- 2501 S Hill St, Los Angeles, CA 90007
- Property Type
- Office
- Property Sub-Type
- Owner-User Office / Former Medical
- Occupancy
- Vacant (100% deliverable)
- Year Built
- 1955 (renovated 1990s)
Size & Site
- Gross Building Area
- ± 15,859 SF
- Lot Size
- ± 24,906 SF / 0.57 AC
- Price / SF
- $820 / SF
- Zoning
- C2-2D-CPIO
- APN
- 5126-019-010
Location · Trade Area
USC / Downtown-South · between the I-110 Harbor Freeway and the USC campus.
Subject Property
2501 S Hill St
Trade Area Fundamentals
The University Park / Downtown-South corridor is anchored by the University of Southern California, the LA Convention Center, and BMO Stadium — a dense, captive base of students, medical and institutional employment, and event traffic that rarely relocates.
Vacant, deliverable infill of this size is scarce here. For an owner-user it removes lease-up and relocation risk; for a long-term holder, the C2 lot underwrites a redevelopment basis as the corridor densifies.
Full submarket detail, traffic counts, and tenant mix included in the Offering Memorandum.
Deep Dive
Why 2501 S Hill St is a vacant, deliverable owner-user building near USC.
What is 2501 S Hill St?
2501 S Hill St is a vacant ±15,859 SF owner-user office and former medical building on a ±24,906 SF C2 lot, minutes from USC and Downtown Los Angeles. It is asking $13,000,000, or $820 per SF, and is delivered 100% vacant — an owner-user can occupy the entire building, or a medical or institutional operator can reposition it, without inheriting any in-place tenancy.
Who is 2501 S Hill St a fit for?
2501 S Hill St is framed for an owner-user — including a medical or institutional operator who can occupy the entire ±15,859 SF building. Delivered vacant, it removes lease-up and relocation risk for an operating occupant. A central courtyard entry gives each wing independent access, so the facility naturally suits multi-department, owner-plus-tenant, or campus-style occupancy under a single owner.
What medical improvements does the building already have?
A north wing of roughly 8,000 SF was configured as an advanced medical clinic — administrative offices, treatment rooms, waiting and triage areas, lab, and x-ray — a rare head-start for a medical or institutional user. The broader asset is a durable masonry shell originally built in 1955 and renovated in the 1990s, giving a low going-in basis relative to ground-up construction in this submarket.
Where is 2501 S Hill St located?
2501 S Hill St sits in the USC / Downtown-South submarket, between the I-110 Harbor Freeway and the USC campus. The University Park / Downtown-South corridor is anchored by the University of Southern California, the LA Convention Center, and BMO Stadium — a dense, captive base of students, medical and institutional employment, and event traffic that rarely relocates, and one of the most supply-constrained, demand-dense infill submarkets in the city.
What is the redevelopment upside on the C2 lot at 2501 S Hill St?
Redevelopment is optionality the owner holds, not a developer pitch. The ±24,906 SF (±0.57-acre) lot carries C2-2D-CPIO zoning, which preserves long-term upside for higher-and-better-use redevelopment as the corridor continues to densify. Vacant, deliverable infill of this size is scarce here, so a long-term holder can operate or occupy now while the C2 lot underwrites a redevelopment basis. All square footage, zoning, and entitlement are buyer-to-verify.
Sources: Pricing, square footage, lot size, C2-2D-CPIO zoning, year built, and the medical-clinic improvement configuration trace to the CREXi listing, exclusively listed by Williams Capital Advisors, as of 2026-06-29; no financials are stated beyond the asking price because the asset is delivered vacant with no in-place income. Information herein is from sources deemed reliable but not guaranteed; buyer to independently verify all square footage, zoning, condition, and entitlement.
Exclusively Co-Listed By
Williams Capital Advisors + Keller Williams Hollywood Hills.
A dual-brokerage partnership pairing WCA-led institutional CRE advisory with one of the highest-volume KW commercial offices in Los Angeles. Either broker reaches the same deal team.
Williams Capital Advisors · Listing Broker
Francisco Williams, CCIM
Senior Vice President
Keller Williams Hollywood Hills · Listing Broker
Laura Milshteyn
Senior Vice President
Williams Capital Advisors (CA Real Estate Corporation License #01428775) and Keller Williams Hollywood Hills operate independently but collaborate exclusively on this listing; Francisco Williams (CalDRE #01979442) and Laura Milshteyn (CalDRE #01997655) are the listing brokers. Cooperating brokers welcome — commission terms available on request. Information herein is from sources deemed reliable but not guaranteed; buyer to independently verify all square footage, zoning, condition, and entitlement.
Letter of Intent
Ready to offer? Submit your LOI.
For qualified buyers prepared to transact. Indicate your offered price, deposit, contingency periods, and source of funds. Listing brokers will respond within one business day with a counter or accept.
- Delivered vacant — owner-user and redevelopment buyers prioritized
- Offers reviewed in receipt order
- Cooperating brokers welcome — terms available on request
Disclaimer
The information contained herein is derived from sources deemed reliable but has not been independently verified by Williams Capital Advisors or any co-listing brokerage. All financial projections, square-footage estimates, lease summaries, demographic figures, and comparable sales data are provided for illustrative purposes only and may not reflect future performance. Prospective purchasers are advised to consult their own tax, legal, and financial advisors and to independently verify all information prior to making any investment decision. Neither Williams Capital Advisors (CA Real Estate Corporation, License #01428775), any co-listing brokerage, the Property Owner, nor their respective representatives assume liability for errors, omissions, or decisions made in reliance on this information. This listing page does not constitute an offer, solicitation, or legal obligation; any transaction is subject to a fully-executed Purchase and Sale Agreement. Cap rate, NOI, and underwriting assumptions shown in the on-page Valuation Calculator are illustrative only and do not constitute investment advice. Cooperating brokers welcome — commission terms outlined in the Offering Memorandum.
