DTLA Hotel Parcel Carries $22M Permit, Tax-Delinquent Since 2024

A Downtown Los Angeles parcel in the South Park neighborhood is carrying an issued $22 million building permit for a new eight-story hotel, even as LA County Assessor records show the property has been in tax default since 2024.

The parcel, at 1130 S Hope St (assessor ID 5139021004), is classified as multi-family residence use on the county rolls. The LADBS permit on file, number 20010-10000-04761, describes the approved project as a new eight-story hotel with a rooftop deck, one level of basement and ground-floor retail space, with a declared construction valuation of $22.0 million. The permit’s status is issued, meaning the city has cleared the project to build. The assessor record carries no owner name on this feed, so this story describes the owner only as the parcel’s owner of record.

Why it matters

An issued permit with a $22 million declared value represents real, city-approved construction rights sitting on the parcel. A tax default does not stop construction on its own, but it is a signal that the owner of record is not current with the county even as that value sits unbuilt. For operators watching Downtown LA’s South Park submarket, a tax-delinquent parcel carrying a fully entitled, issued permit is the kind of distress signal worth tracking ahead of any future lien action, since unresolved tax defaults can eventually move toward a county tax sale if left unpaid long enough.

The numbers

The permit’s declared construction valuation is $22.0 million, LADBS permit 20010-10000-04761, issued status. The assessor’s tax-default flag on parcel 5139021004 is dated to 2024. No redemption amount is listed on the assessor feed; the LA County Treasurer-Tax Collector administers the actual redemption process and amount for defaulted parcels at ttc.lacounty.gov, though no dollar figure for that redemption is confirmed here.

What’s next

The parcel’s owner of record would need to resolve the tax default with the county to avoid further escalation under the state’s tax-default timeline. Separately, the issued permit remains available to build against regardless of the tax status, since the two records track different obligations: one to the city for construction rights, one to the county for property taxes. Whether construction moves forward on the entitled hotel project, or the tax default deepens toward a county sale, will determine which of those two records ends up mattering more for this site.

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