DTLA Site With $22M Permit Is Tax-Delinquent Since 2024
A Downtown LA parcel on South Hope Street carries an issued $22.0 million building permit while sitting tax-delinquent with the county since 2024.
A parcel at 1130 S. Hope St. in Downtown LA’s South Park neighborhood carries an issued Los Angeles Department of Building and Safety permit declaring $22.0 million in construction value, the same parcel the Los Angeles County Assessor lists as tax-delinquent, defaulted since 2024.
The address has circulated for years as the site of a stalled hotel proposal, with filings dating back to 2020 for a mid-rise building with ground-floor retail. The permit tied to AIN 5139021004, number 20010-10000-04761, carries that same 2020 filing-year prefix in LADBS’s numbering convention, and it remains issued and declaring $22.0 million in construction value even as the parcel’s property taxes have gone unpaid since 2024.
Why it matters
A six-figure annual tax bill going unpaid on a parcel tied to a $22.0 million construction investment is a carrying-cost flag, not a sign the site is about to change hands. California gives an owner five years from the date of default to redeem a tax-defaulted parcel before the county can move it to a tax sale, so this parcel is not at imminent risk of loss. It is, however, a signal worth tracking for anyone pricing carrying costs on entitled or permitted DTLA sites: a project with enough backing to pull a large permit can still fall behind on the county tax roll.
The numbers
- $22.0 million: declared construction value on issued LADBS permit 20010-10000-04761, AIN 5139021004.
- 2024: the year the Los Angeles County Assessor’s roll shows the parcel went tax-delinquent.
- 5 years: the redemption window California law gives an owner on a tax-defaulted parcel before the county can set it for a tax sale, measured from the default date.
What’s next
The redemption amount owed on AIN 5139021004, principal plus penalties and interest, is held by the Los Angeles County Treasurer and Tax Collector. Whether the issued permit moves toward construction while the tax balance remains outstanding is worth revisiting next cycle. For more permit activity across the basin this week, see the large new Encino apartment permit and the Los Angeles market page.
On the record
Primary record
- Public recordAssessor parcel AIN 5139021004 at 1130 S. Hope St. shows tax-delinquent status, defaulted in 2024View the record on portal.assessor.lacounty.gov
- PermitLADBS permit 20010-10000-04761 on the same parcel is issued with a declared construction value of $22.0 millionView the record on ladbsservices2.lacity.org