REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,999,999
Est. payment | /mo
6,041 Sqft Lot
$ 2,999,999
Est. payment | /mo
6,041 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24463887
HOA Y/N No
Lot Size 6,041 Sqft
Property Description
Seize this incredible opportunity to develop in the dynamic part of town - right between Hancock Park and Koreatown! This large vacant lot consists of two separate APN's with a combined area of 13,314 square feet. The R3-2 zoning offers a blank slate for your visionary project. The building is almost RTI for 29 units with a total of 40,000 sq. ft. And 53 parking spaces. Renderings of proposed building found in pictures. Alternatively, a feasibility report has been done for affordable housing comfortably fitting 144 units. Whether you envision building 29-unit luxury condo residences or building affordable housing, the potential is immense! Sold together with 550 S Wilton Pl, this prime location is your chance to create something extraordinary in one of LA's most vibrant neighborhoods. Don't let this opportunity pass you by!
Location
State CA
County Los Angeles
Area C18 - Hancock Park-Wilshire
Zoning LAR3
Interior
Fireplace No
Exterior
View Y/N Yes
View City Lights, Hills, Landmark
Building
New Construction No
Others
Senior Community No
Tax ID 5504026013
Special Listing Condition Standard
Listed by Jesse Sanchez • Compass
“My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! ”