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OPPORTUNITY ZONE INVESTMENT | POTENTIAL CAPITAL GAINS TAX BENEFITS | SPECTACULAR DTLA SKYLINE VIEWS Located within a designated Opportunity Zone, this exceptional property may offer attractive tax advantages for qualifying investors, including potential capital gains tax benefits, subject to applicable regulations and eligibility requirements. Thomas Street offers arguably some of the most breathtaking, unobstructed panoramic views of Downtown Los Angeles. This exceptionally rare opportunity features an assemblage totaling approximately 9,854 sq. ft. along one of the area's premier DTLA-view streets. The sale includes APN 5208-015-033. Valuable development-related reports, including a land survey, slope band analysis, and civil and structural engineering reports, are available for review upon opening escrow with a committed buyer—potentially saving significant time and resources during the development process. Enjoy spectacular skyline vistas with convenient access to Dodger Stadium, Chinatown, Lincoln Heights, Highland Park, and El Sereno. Whether you envision a luxurious custom residence or a strategic development investment, this property offers a rare opportunity to capitalize on an extraordinary location with exceptional views and exciting potential. Buyer to independently verify property boundaries, lot size, zoning, development feasibility, Opportunity Zone designation and tax eligibility. Colored boundary lines are approximate and for illustrative purposes only.
Listing agent: Chase Zhao DRE #02008827 zhao.chase0718@gmail.com, Listing office: IRN Realty
MLS data updated 10/24/2026, 11:46:50 PM PT
Source: CRMLS, MLS #: AR25232894
Belmont insights
Compare recorded home prices, same-type ZIP sales and mortgage rates.
Oct 12, 2026
Prices use the left axis; mortgage rates use the right. Hover, tap, or focus the chart and use the arrow keys. Red SOLD badges mark recorded sales.
This home · nearest recorded event
$329,999Asking price recorded · Oct 12, 2026ZIP 90031 · Oct 2026
No monthly averageAt least 3 eligible sales in this month are required.30-year fixed mortgage benchmark
No weekly rateNo published rate within 7 days of this date.No recorded sales in this range. Select All available for older records; missing records do not mean the home never sold.
ZIP averages use publicly displayable closed sales from our licensed MLS feed, matched to the same ZIP and exact property type. Months with fewer than 3 sales are omitted; the current month is incomplete. Lines connect available monthly observations across gaps and do not represent measured prices in missing months. These averages are not adjusted for size, condition, or location within the ZIP, and are not an appraisal. Feed coverage may not include every sale. All available shows the available home and ZIP history, with mortgage rates over the same dates.
Mortgage benchmark: Freddie Mac Primary Mortgage Market Survey®. © Freddie Mac. Weekly national 30-year fixed rates, not APRs or a loan quote. Actual terms vary. Methodology changed in November 2022. The chart does not establish that interest-rate changes caused a home’s price changes.
Lines connect recorded asking and sale prices. They are visual guides, not estimates of the home’s value between those dates.
No earlier records were returned by our current sources. This does not mean the home has never sold.
MLS records may be incomplete. Earlier asking prices are not sale prices.