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Ideal opportunity to develop a new multi-unit project in close proximity to Downtown Los Angeles, Hancock Park, Silver Lake, Koreatown, and East Hollywood. The property is located within a Qualified Opportunity Zone (QOZ), offering potential tax benefits for qualified investors (buyer to verify). Currently improved with three vacant units, providing immediate flexibility for redevelopment or repositioning. The site offers potential for a 9-unit residential project, subject to buyer verification and city approvals. The City of Los Angeles provides numerous housing and density incentive programs that may allow optimization of unit count and overall project feasibility. Centrally located near major transportation routes, employment centers, shopping, dining, and public amenities. Utilities are available in the street. An excellent opportunity for developers or investors seeking a well-located property in a high-demand rental market. Buyer to verify zoning, incentives, development feasibility, and QOZ status.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 2/25/2026 | Year Built | 0 |
|---|---|---|---|
| Community | C17 - Mid-Wilshire | County | Los Angeles |
Price History
| Prior to Feb 25, '26 | $1,250,000 |
|---|---|
| Feb 25, '26 - Today | $1,150,000 |
Additional Details
| AREA | C17 - Mid-Wilshire |
|---|---|
| LOT | 7606 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| LOT DIMENSIONS | 7607 |
| UTILITIES | Electricity Available, Natural Gas Available, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | See Remarks |
Location
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Listed with Keller Williams R. E. Services
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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