Overview
Description
PERMITS FULLY PAID | ED1 APPROVED | SHOVEL READY | DELIVERED VACANT Exceptional development opportunity in the heart of Koreatown. 9,024 SF R3-zoned lot with an existing vacant triplex and RTI permits fully delivered for a 46-unit ED1 project with an approved covenant in place. Permits include 2 two-bedroom units, 36 one-bedroom units, and 8 studios, totaling approximately 15,703 SF of rentable space and 20,510 SF of gross building area. No parking required, significantly reducing construction costs and timelines. Located in a high-demand, transit-accessible area near Metro lines, major employers, and vibrant dining and retail, making this an ideal project for long-term hold or build-to-sell with strong income potential and value appreciation. Renderings may not entirely reflect final plans. The OM and proforma will be delivered upon interest.
Address
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- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90004
Details
Updated on March 31, 2026 at 4:08 am- Property ID: HZSR26068419
- Price: $1,895,000
- Property Status: Land
- Listed by: Rana Khanjani
- DRE #: 02021891
- Contact Mail: rana@syncbrokerage.com
- Brokered by: Sync Brokerage
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