For Sale $2,800,000
Property Type VacantLand
Lot Size 0.41 Acre
Additional Rent Contact for pricing
Date Updated Oct 2, 2024

Los AngelesThese three contiguous parcels, totaling 0.41± acres, are exceptionally located right off W. Pico Blvd, on the edge of Koreatown. The area is currently undergoing rapid growth and development. Investors have an incredible opportunity to acquire nearly half an acre in a downtown Los Angeles neighborhood poised for growth. The zoning allows for development of a mid-rise multifamily housing project. Previous ownership proposed a 100% affordable housing project consisting of a 5-story, e levator-served building with 75 residential units.

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Attachments

Brochure - Los Angeles, CA - Development Land (PDF) opens in new window

Highlights

Previously slated for a 5-story, 75-unit multifamily development
Heavily traveled area of W. Pico Blvd. & S. Normandie
Easy access to two major interstates (I-10 & I-110)

Contacts

Jonathan Cuticelli

Hilco Real Estate

Location

Getting Around

Walk Score ®
91/100 Walker's Paradise
Transit Score ®
68/100 Good Transit
Bike Score ®
70/100 Very Bikeable

Map
Street

City Los Angeles, CA
Neighborhood Pico - Union
Zip Code 90006
Market Los Angeles

Points of Interest

Wilshire/Normandie

0.94 miles
Wilshire/Normandie Station

0.95 miles
Wilshire/Western Station

1.10 miles
Wilshire/Western

1.11 miles
Westlake/MacArthur Park

1.48 miles
Grand/LATTC

2.03 miles
Vermont/Beverly Station

2.04 miles
Expo/Vermont

2.10 miles
Expo/Western

2.11 miles
7th Street/Metro Center

2.30 miles

76

0.45 miles
Shell

0.56 miles
Chevron

0.97 miles
Adam's Fuel

1.07 miles
Arco

1.24 miles
Mobil

1.25 miles
Electric Vehicle Charging Station

1.97 miles
FLO

4.98 miles
Culver City Supercharger

6.69 miles
Tesla Supercharger

7.11 miles

SP+

0.87 miles
Vermont & WIlshire Parking Lot -LADOT Facility No. 691

1.00 miles
Western Avenue Parking Garage

1.00 miles
Metro Kiss and Ride

1.52 miles
Bond Lot

1.62 miles
USC Parking

1.62 miles
Employee Lot

1.66 miles
Jefferson Blvd. Parking Structure

1.70 miles
Lot SSRI

1.78 miles
West Garage

1.78 miles

New seoul hotel

0.62 miles
Hometel Suites

0.69 miles
The Rumi

0.77 miles
Rotex Hotel

0.81 miles
Bethel House

0.84 miles
Oxford Palace

0.85 miles
Hollywood Stay

0.94 miles
LA Comfortable house (korean)

0.97 miles
LA Pyunanhan House

0.97 miles
The Line

0.99 miles

Pico Pica Rico

0.12 miles
El Camacho

0.13 miles
El Nuevo Mirador

0.13 miles
Guelaguetza

0.32 miles
Dino's Famous Chicken

0.33 miles
Gam Ja Gol

0.35 miles
O Dae San Korean BBQ

0.37 miles
Masan Restaurant

0.40 miles
Tacos Locos

0.40 miles
Surawon

0.41 miles

Bishop Conaty Memorial High School

0.22 miles
Saint Thomas School

0.23 miles
Loyola High School of Los Angeles

0.29 miles
Bernedo Middle School

0.34 miles
Mariposa-Nabi Primary School

0.36 miles
Los Angeles Elementary School

0.37 miles
Hobart Boulevard Elementary School

0.50 miles
Camino Nuevo Charter Academy

0.63 miles
Washington Boulevard School

0.67 miles
Magnolia Elementary School

0.76 miles

Morning Star Education Center

1.53 miles
HIC Daycare

1.85 miles
Ralph M. Parsons Preschool

2.59 miles
Vernon Adult Day Program

3.22 miles
Vine Street Early Education Center

3.28 miles
Komitas

3.71 miles
Jim Gilliam Child Care Center

3.93 miles
Neighborhood Nursery School

4.38 miles
CCDC of Little Angels Schools

4.47 miles
Play Mountain Place

4.51 miles

Frequently Asked Questions

How much does Downtown Los Angeles Redevelopment Opportunity cost?

The space currently listed for sale at Downtown Los Angeles Redevelopment Opportunity asks for $2,800,000.

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