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$1,599,999
Est. payment /mo
7,305 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25066561
HOA Y/N No
Lot Size 7,305 Sqft
Lot Dimensions Assessor
Property Description
Development Opportunity – 7300 SF CM-1 Zoned Lot Near Koreatown & Downtown LA!
Incredible development opportunity located just south of Koreatown and west of Downtown Los Angeles. This ±7,300 SF lot is zoned LA CM-1, allowing for R3 development potential. Situated near the high-visibility intersection of Vermont Ave & Venice Blvd, the property offers excellent exposure for future leasing signage and convenient access to major hubs including Koreatown, Downtown LA, USC, and the Vermont Ave exit.
Key Features:
• Zoning: LA CM-1 (R3 development potential)
• Lot Size: ±7,300 SF
• Location: Near Vermont/Venice intersection
• High rental demand area
• Easy access to 10 Freeway, Downtown, Koreatown, and USC
• Existing architectural plans by Sammi Trabizi for a 5-story, 38-unit apartment building (available upon request)
Koreatown continues to be one of LA's most rapidly evolving neighborhoods, making this a prime location for multifamily investment or new construction.
Do not miss this rare opportunity to develop in a high-demand rental market. Buyer to verify all zoning and development possibilities with the city.
Incredible development opportunity located just south of Koreatown and west of Downtown Los Angeles. This ±7,300 SF lot is zoned LA CM-1, allowing for R3 development potential. Situated near the high-visibility intersection of Vermont Ave & Venice Blvd, the property offers excellent exposure for future leasing signage and convenient access to major hubs including Koreatown, Downtown LA, USC, and the Vermont Ave exit.
Key Features:
• Zoning: LA CM-1 (R3 development potential)
• Lot Size: ±7,300 SF
• Location: Near Vermont/Venice intersection
• High rental demand area
• Easy access to 10 Freeway, Downtown, Koreatown, and USC
• Existing architectural plans by Sammi Trabizi for a 5-story, 38-unit apartment building (available upon request)
Koreatown continues to be one of LA's most rapidly evolving neighborhoods, making this a prime location for multifamily investment or new construction.
Do not miss this rare opportunity to develop in a high-demand rental market. Buyer to verify all zoning and development possibilities with the city.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning LACM
Interior
Fireplace No
Exterior
Fence Average Condition, Block, Chain Link, Wrought Iron
Community Features Street Lights, Sidewalks
View Y/N No
View None
Building
Lot Description Level, Near Public Transit, Rectangular Lot
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 5056019002
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
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Listed by Liza Parrilla Keller Williams Realty Calabasas 818-601-3269
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