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We are proud to present for sale this development opportunity in Prime Wilshire Center - Koreatown. R3 zoning and TOC Tier 3 located on an expansive 7,502 square foot lot with 50 feet of frontage. Centrally positioned near Hollywood, Los Feliz, Hancock Park, Silver Lake, and Downtown. Highly walkable location with a Walk Score of 90. Situated in an area of rapid development, this property benefits from its close proximity to major transportation routes, employment hubs, healthcare facilities, and educational institutions. Unleash the full development potential of this lot by utilizing one of the many available state or local density bonus incentives. Commercial tenant in place operating a state licensed child day care facility offers great rental income to a long term investor or to a developer during the entitlement process. Owner has topo, soils and conceptual plans for 19 unit apartment building.
Property Type(s):
Lot/Land/Acreage
| Last Updated | 11/18/2024 | Community | Mid-Wilshire |
|---|---|---|---|
| County | Los Angeles |
Price History
| Prior to Nov 18, '24 | $1,547,000 |
|---|---|
| Nov 18, '24 - Today | $1,499,000 |
Additional Details
| AREA | Mid-Wilshire |
|---|---|
| HOA DUES | 0 |
| LOT | 7502 sq ft |
| LOT DESCRIPTION | Near Public Transit, Rectangular Lot |
| SEWER | Public Sewer |
| UTILITIES | Electric: Electricity - On Property |
| VIEW | Yes |
| VIEW DESCRIPTION | City Lights,Neighborhood |
| WATER | Public |
| ZONING | LAR3 |
Location
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Listed with Baabak Sharifan, Broker
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.
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