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$4,450,000
Est. payment /mo
46,259 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 46,259 sqft
Price per Sqft $96
MLS Listing ID 26854417
HOA Y/N No
Year Built 1910
Lot Size 0.407 Acres
Property Sub-Type Condominium
Property Description
Shovel-ready / RTI multifamily development opportunity located at 1103, 1107, 1109, and 1111 S Kenmore Ave four contiguous parcels in the heart of Koreatown. The project includes Ready-to-Issue (RTI) permits and fully approved architectural plans for a modern 5-story, 45-unit apartment development featuring 5 low-income units and approximately 46,259 SF of total FAR in one of Los Angeles' strongest rental markets.The approved development offers 37 parking spaces, including 4 EV spaces, plus 4 future potential parking spaces, along with dedicated bicycle parking. Additional features include elevator service, a full sprinkler system, and an efficient stacked construction design. The site is zoned R3-1 and is non-rent-controlled.Ideally positioned near Metro access and within walking distance to Koreatown's premier shopping centers, restaurants, retail, nightlife, and major employment corridors, the property benefits from exceptional connectivity and strong long-term rental demand. This rare infill development opportunity allows developers to move directly toward construction in a highly sought-after Mid-Wilshire / Koreatown location.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR3
Interior
Fireplaces Type None
Furnishings Unfurnished
Fireplace No
Laundry See Remarks
Exterior
Parking Features Covered
Pool None
View Y/N Yes
Private Pool No
Building
Entry Level Multi/Split
Architectural Style Contemporary
Level or Stories Multi/Split
New Construction No
Others
Pets Allowed Call
Senior Community No
Tax ID 5078022004
Security Features 24 Hour Security
Special Listing Condition Standard
Pets Allowed Call
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Listed by Amin Shafiei Keller Williams Beverly Hills #02240729
NEARBY SCHOOL & BUSINESS
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