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$1,300,000
26861879 MLS
Attention builders, developers, and savvy investors! Here is a rare, high-yield opportunity to break ground on a premier multi-unit project in one of Los Angeles' highest-demand rental markets, situated minutes from Silver Lake, Hollywood, Koreatown, Hancock Park, and Downtown LA. This prime LAR3 zoned lot comes with architectural plans for a modern development featuring three separate buildings totaling 5 premium units, positioned perfectly to capture strong local rental demand. According to the seller, the site is slated to be RTI in just two months according to the seller. Furthermore, current LAR3 zoning offers the enticing potential to maximize the site up to 10 total units (buyer to verify all development guidelines). Full architectural plans are available upon request. Do not miss the chance to lock down a project in a rapidly growing, centrally located transit hub before it's gone.

553 N Heliotrope Dr, Los Angeles

Courtesy of EstateX inc., Rosanna Russo - CA DRE#02087926

$1,300,000
26861879 MLS
Attention builders, developers, and savvy investors! Here is a rare, high-yield opportunity to break ground on a premier multi-unit project in one of Los Angeles' highest-demand rental markets, situated minutes from Silver Lake, Hollywood, Koreatown, Hancock Park, and Downtown LA. This prime LAR3 zoned lot comes with architectural plans for a modern development featuring three separate buildings totaling 5 premium units, positioned perfectly to capture strong local rental demand. According to the seller, the site is slated to be RTI in just two months according to the seller. Furthermore, current LAR3 zoning offers the enticing potential to maximize the site up to 10 total units (buyer to verify all development guidelines). Full architectural plans are available upon request. Do not miss the chance to lock down a project in a rapidly growing, centrally located transit hub before it's gone.

553 N Heliotrope Drive, Los Angeles

Listing courtesy of Listing Agent: Rosanna Russo (rrussorealty1@gmail.com) from Listing Office: EstateX inc..
$2,200,000
26859537 MLS
Prime investment opportunity at 1041 Elden offering exceptional value-add potential and long-term upside. Currently configured as 24 rooms, this property features a flexible layout suitable for a variety of uses, making it ideal for both investors and owner-users. Strategically located in a high-demand submarket with convenient access to major freeways, transportation corridors, retail, and surrounding amenities. The property benefits from strong rental demand and provides an opportunity to increase income through lease optimization, repositioning, and property improvements. Additionally, this asset presents a rare opportunity for redevelopment or adaptive reuse. Positioned on a well-located parcel within a growing area, investors and developers can capitalize on future appreciation and maximize value through new construction or reconfiguration. Buyer to verify zoning, land use, permits, and development potential. Excellent opportunity for investors seeking stable cash flow with upside, as well as developers looking for a strategic project in a desirable location.

1041 Elden Ave, Los Angeles

Courtesy of Christie's International Real Estate SoCal, John C. Pak - CA DRE#01898649

$1,125,000
26859535 MLS
Prime Koreatown investment opportunity at 1145 S Kingsley Dr with the rare option to acquire the adjacent property at 1139 S Kingsley Dr, creating a combined lot size of approximately 11,800 SF. Zoned R3 with TOC Tier 2 incentives, this offering presents exceptional development and value-add potential in one of the most desirable rental markets in Los Angeles. Properties are situated in the heart of Koreatown, just walking distance to Olympic Blvd, and surrounded by major Korean markets, restaurants, cafes, and everyday amenities. This highly walkable location continues to drive strong tenant demand and long-term appreciation. Ideal for investors and developers seeking to maximize density through TOC incentives, reposition existing improvements, or pursue future redevelopment opportunities (buyer to verify zoning, density, and all development potential with the city). Opportunities like thistwo side-by-side parcels in a prime central Koreatown locationare extremely rare. Do not disturb tenants. Drive-by only. Interior inspection subject to accepted offer.

1145 S Kingsley Dr, Los Angeles

Courtesy of Christie's International Real Estate SoCal, John C. Pak - CA DRE#01898649

$1,125,000
26859533 MLS
Prime Koreatown investment opportunity at 1139 S Kingsley Dr with the rare option to acquire the adjacent property at 1145 S Kingsley Dr, creating a combined lot size of approximately 11,800 SF. Zoned R3 with TOC Tier 2 incentives, this offering presents exceptional development and value-add potential in one of the most desirable rental markets in Los Angeles. Properties are situated in the heart of Koreatown, just walking distance to Olympic Blvd, and surrounded by major Korean markets, restaurants, cafes, and everyday amenities. This highly walkable location continues to drive strong tenant demand and long-term appreciation. Ideal for investors and developers seeking to maximize density through TOC incentives, reposition existing improvements, or pursue future redevelopment opportunities (buyer to verify zoning, density, and all development potential with the city). Opportunities like thistwo side-by-side parcels in a prime central Koreatown locationare extremely rare. Do not disturb tenants. Drive-by only. Interior inspection subject to accepted offer.

1139 S Kingsley Dr Unit 3, Los Angeles

Courtesy of Christie's International Real Estate SoCal, John C. Pak - CA DRE#01898649

$2,200,000
26859537 MLS
Prime investment opportunity at 1041 Elden offering exceptional value-add potential and long-term upside. Currently configured as 24 rooms, this property features a flexible layout suitable for a variety of uses, making it ideal for both investors and owner-users. Strategically located in a high-demand submarket with convenient access to major freeways, transportation corridors, retail, and surrounding amenities. The property benefits from strong rental demand and provides an opportunity to increase income through lease optimization, repositioning, and property improvements. Additionally, this asset presents a rare opportunity for redevelopment or adaptive reuse. Positioned on a well-located parcel within a growing area, investors and developers can capitalize on future appreciation and maximize value through new construction or reconfiguration. Buyer to verify zoning, land use, permits, and development potential. Excellent opportunity for investors seeking stable cash flow with upside, as well as developers looking for a strategic project in a desirable location.

1041 Elden Avenue, Los Angeles

Listing courtesy of Listing Agent: John C. Pak (JP@LA4989.com) from Listing Office: Christie's International Real Estate SoCal.
$1,125,000
26859533 MLS
Prime Koreatown investment opportunity at 1139 S Kingsley Dr with the rare option to acquire the adjacent property at 1145 S Kingsley Dr, creating a combined lot size of approximately 11,800 SF. Zoned R3 with TOC Tier 2 incentives, this offering presents exceptional development and value-add potential in one of the most desirable rental markets in Los Angeles. Properties are situated in the heart of Koreatown, just walking distance to Olympic Blvd, and surrounded by major Korean markets, restaurants, cafes, and everyday amenities. This highly walkable location continues to drive strong tenant demand and long-term appreciation. Ideal for investors and developers seeking to maximize density through TOC incentives, reposition existing improvements, or pursue future redevelopment opportunities (buyer to verify zoning, density, and all development potential with the city). Opportunities like thistwo side-by-side parcels in a prime central Koreatown locationare extremely rare. Do not disturb tenants. Drive-by only. Interior inspection subject to accepted offer.

1139 S Kingsley Drive Unit 3, Los Angeles

Listing courtesy of Listing Agent: John C. Pak (JP@LA4989.com) from Listing Office: Christie's International Real Estate SoCal.
$1,125,000
26859535 MLS
Prime Koreatown investment opportunity at 1145 S Kingsley Dr with the rare option to acquire the adjacent property at 1139 S Kingsley Dr, creating a combined lot size of approximately 11,800 SF. Zoned R3 with TOC Tier 2 incentives, this offering presents exceptional development and value-add potential in one of the most desirable rental markets in Los Angeles. Properties are situated in the heart of Koreatown, just walking distance to Olympic Blvd, and surrounded by major Korean markets, restaurants, cafes, and everyday amenities. This highly walkable location continues to drive strong tenant demand and long-term appreciation. Ideal for investors and developers seeking to maximize density through TOC incentives, reposition existing improvements, or pursue future redevelopment opportunities (buyer to verify zoning, density, and all development potential with the city). Opportunities like thistwo side-by-side parcels in a prime central Koreatown locationare extremely rare. Do not disturb tenants. Drive-by only. Interior inspection subject to accepted offer.

1145 S Kingsley Drive, Los Angeles

Listing courtesy of Listing Agent: John C. Pak (JP@LA4989.com) from Listing Office: Christie's International Real Estate SoCal.
$1,750,000
26846545 MLS
Entitlement Summary : Ready to break ground ! Permit Fees Paid ! 6 story 17 units with 65 rooms. A thoughtfully designed co-living project with primarily 4 bedroom units. Transit Oriented Demand Located steps from the Metro Purple Line (Wilshire + Western). Vibrant Lifestyle Submarket Situated in the "Heart of Action" in Koreatown, offering unmatched access to world class 24/7 amenities. "High-Barrier Market Fundamentals" Capitalizes on Koreatown's historically low vacancy rates and the acute shortage of modern, attainable housing in a submarket experiencing significant capital investment and appreciation.

752 S Harvard Blvd, Los Angeles

Courtesy of GAIA, J. Geo Kim - CA DRE#01855390

$1,750,000
26846545 MLS
Entitlement Summary : Ready to break ground ! Permit Fees Paid ! 6 story 17 units with 65 rooms. A thoughtfully designed co-living project with primarily 4 bedroom units. Transit Oriented Demand Located steps from the Metro Purple Line (Wilshire + Western). Vibrant Lifestyle Submarket Situated in the "Heart of Action" in Koreatown, offering unmatched access to world class 24/7 amenities. "High-Barrier Market Fundamentals" Capitalizes on Koreatown's historically low vacancy rates and the acute shortage of modern, attainable housing in a submarket experiencing significant capital investment and appreciation.

752 S Harvard Boulevard, Los Angeles

Listing courtesy of Listing Agent: J. Geo Kim (geo@gaia-us.com) from Listing Office: GAIA.
$1,695,000
26836383 MLS
***C2 ZONED*** lot offering a 7,153 SF prime Koreatown development site. Located in one of Los Angeles strongest rental markets, the site is surrounded by apartments, retail, restaurants and convenient access to public transportation.

311 S Berendo St, Los Angeles

Courtesy of GAIA, H. Jason Yang - CA DRE#02044611

$1,695,000
26836383 MLS
***C2 ZONED*** lot offering a 7,153 SF prime Koreatown development site. Located in one of Los Angeles strongest rental markets, the site is surrounded by apartments, retail, restaurants and convenient access to public transportation.

311 S Berendo Street, Los Angeles

Listing courtesy of Listing Agent: H. Jason Yang (jason@gaia-us.com) from Listing Office: GAIA.
$3,795,000
26828383 MLS
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.

1111 S Kenmore Ave, Los Angeles

Courtesy of Keller Williams Beverly Hills, Amin Shafiei - CA DRE#02240729

$3,795,000
26828383 MLS
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.

1111 S Kenmore Avenue, Los Angeles

Listing courtesy of Listing Agent: Amin Shafiei (AminBeverlyHills@gmail.com) from Listing Office: Keller Williams Beverly Hills.
$2,100,000
26672535 MLS
Koreatown Development Site! This unique property of 12,539 SF and zoned C2 consists of two adjacent parcels that offer significant potential for developers looking to capitalize on a high-density, transit oriented neighborhood. Situated in the 90005 ZIP code, the site sits strategically in the high-growth Koreatown/Westlake corridor. Residents benefit from being a ten-minute walk from the MacArthur Park Metro station, providing seamless access to the B and D subway lines. The immediate area is rich with amenities, including the historic MacArthur Park, Southwestern Law School, and the diverse retail and dining landscape of nearby Koreatown. The neighborhood is currently undergoing a significant urban evolution, driven by its central location and proximity to major employment centers in Downtown Los Angeles and Hollywood. Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room.

2743 W 8th St, Los Angeles

Courtesy of CB Richard Ellis, Inc., Adam Peterson - CA DRE#01815802

$2,100,000
26672535 MLS
Koreatown Development Site! This unique property of 12,539 SF and zoned C2 consists of two adjacent parcels that offer significant potential for developers looking to capitalize on a high-density, transit oriented neighborhood. Situated in the 90005 ZIP code, the site sits strategically in the high-growth Koreatown/Westlake corridor. Residents benefit from being a ten-minute walk from the MacArthur Park Metro station, providing seamless access to the B and D subway lines. The immediate area is rich with amenities, including the historic MacArthur Park, Southwestern Law School, and the diverse retail and dining landscape of nearby Koreatown. The neighborhood is currently undergoing a significant urban evolution, driven by its central location and proximity to major employment centers in Downtown Los Angeles and Hollywood. Please visit the Property Website to execute the Confidentiality Agreement and access the Virtual Deal Room.

2743 W 8th Street, Los Angeles

Listing courtesy of Listing Agent: Adam Peterson (adam.peterson@cbre.com) from Listing Office: CB Richard Ellis, Inc..
$999,000
26665411 MLS
Developers rare opportunities !! Two lots (1121 & 1125 Irolo Street) assembled for redevelopment. Total lot size is 11,810 sqft and total price is $2.4M. R3 zoning. Many units could be built on the two lots with TOC. The side by side two properties sold together only as one sale. Koreatown Galleria Supermarket and Hannam Chain Supermarket are within walking distance.

1121 Irolo St, Los Angeles

Courtesy of WIN Realty & Properties, Sung Young Kim - CA DRE#01346325

$999,000
26665411 MLS
Developers rare opportunities !! Two lots (1121 & 1125 Irolo Street) assembled for redevelopment. Total lot size is 11,810 sqft and total price is $2.4M. R3 zoning. Many units could be built on the two lots with TOC. The side by side two properties sold together only as one sale. Koreatown Galleria Supermarket and Hannam Chain Supermarket are within walking distance.

1121 Irolo Street, Los Angeles

Listing courtesy of Listing Agent: Sung Young Kim (happyideaman@yahoo.com) from Listing Office: WIN Realty & Properties.
$1,100,000
26645989 MLS
182 & 186 S Virgil Ave present a rare LAR3 / TOC Tier 3 development opportunity in a prime infill Los Angeles location. The offering consists of two contiguous parcels preferably sold together ($2.2m), creating an efficient 12,638 SF site per ZIMAS. Located in the heart of Koreatown, the property sits within one of Los Angeles' most supply-constrained, high-density rental submarkets, known for strong multifamily fundamentals and durable tenant demand. The area continues to see active infill redevelopment driven by proximity to major employment centers, neighborhood-serving retail, and transit. The site benefits from TOC Tier 3 designation, allowing for density increases and reduced parking requirements, enhancing feasibility and project efficiency. Surrounding uses include mid-rise and high-density apartment buildings, reinforcing the site's suitability for multifamily development and supporting long-term rental demand. This offering is well suited for by-right multifamily development, TOC density bonus execution, or other qualifying housing strategies, subject to buyer verification. Vacant land with no in-place income, offering a clean development path in an established urban location. Buyer to independently verify all zoning, unit counts, TOC incentives, parking requirements, utilities, and development assumptions.

186 S Virgil Ave, Los Angeles

Courtesy of Christie's International Real Estate SoCal, Nicole Contreras - CA DRE#01512844

$1,100,000
26645983 MLS
182 & 186 S Virgil Ave present a rare LAR3 / TOC Tier 3 development opportunity in a prime infill Los Angeles location. The offering consists of two contiguous parcels preferably sold together ($2.2m), creating an efficient 12,638 SF site per ZIMAS. Located in the heart of Koreatown, the property sits within one of Los Angeles' most supply-constrained, high-density rental submarkets, known for strong multifamily fundamentals and durable tenant demand. The area continues to see active infill redevelopment driven by proximity to major employment centers, neighborhood-serving retail, and transit. The site benefits from TOC Tier 3 designation, allowing for density increases and reduced parking requirements, enhancing feasibility and project efficiency. Surrounding uses include mid-rise and high-density apartment buildings, reinforcing the site's suitability for multifamily development and supporting long-term rental demand. This offering is well suited for by-right multifamily development, TOC density bonus execution, or other qualifying housing strategies, subject to buyer verification. Vacant land with no in-place income, offering a clean development path in an established urban location. Buyer to independently verify all zoning, unit counts, TOC incentives, parking requirements, utilities, and development assumptions.

182 S Virgil Ave, Los Angeles

Courtesy of Christie's International Real Estate SoCal, Nicole Contreras - CA DRE#01512844

$1,100,000
26645989 MLS
182 & 186 S Virgil Ave present a rare LAR3 / TOC Tier 3 development opportunity in a prime infill Los Angeles location. The offering consists of two contiguous parcels preferably sold together ($2.2m), creating an efficient 12,638 SF site per ZIMAS. Located in the heart of Koreatown, the property sits within one of Los Angeles' most supply-constrained, high-density rental submarkets, known for strong multifamily fundamentals and durable tenant demand. The area continues to see active infill redevelopment driven by proximity to major employment centers, neighborhood-serving retail, and transit. The site benefits from TOC Tier 3 designation, allowing for density increases and reduced parking requirements, enhancing feasibility and project efficiency. Surrounding uses include mid-rise and high-density apartment buildings, reinforcing the site's suitability for multifamily development and supporting long-term rental demand. This offering is well suited for by-right multifamily development, TOC density bonus execution, or other qualifying housing strategies, subject to buyer verification. Vacant land with no in-place income, offering a clean development path in an established urban location. Buyer to independently verify all zoning, unit counts, TOC incentives, parking requirements, utilities, and development assumptions.

186 S Virgil Avenue, Los Angeles

Listing courtesy of Listing Agent: Nicole Contreras (Nicole@akgre.com) from Listing Office: Christie's International Real Estate SoCal.
$1,100,000
26645983 MLS
182 & 186 S Virgil Ave present a rare LAR3 / TOC Tier 3 development opportunity in a prime infill Los Angeles location. The offering consists of two contiguous parcels preferably sold together ($2.2m), creating an efficient 12,638 SF site per ZIMAS. Located in the heart of Koreatown, the property sits within one of Los Angeles' most supply-constrained, high-density rental submarkets, known for strong multifamily fundamentals and durable tenant demand. The area continues to see active infill redevelopment driven by proximity to major employment centers, neighborhood-serving retail, and transit. The site benefits from TOC Tier 3 designation, allowing for density increases and reduced parking requirements, enhancing feasibility and project efficiency. Surrounding uses include mid-rise and high-density apartment buildings, reinforcing the site's suitability for multifamily development and supporting long-term rental demand. This offering is well suited for by-right multifamily development, TOC density bonus execution, or other qualifying housing strategies, subject to buyer verification. Vacant land with no in-place income, offering a clean development path in an established urban location. Buyer to independently verify all zoning, unit counts, TOC incentives, parking requirements, utilities, and development assumptions.

182 S Virgil Avenue, Los Angeles

Listing courtesy of Listing Agent: Nicole Contreras (Nicole@akgre.com) from Listing Office: Christie's International Real Estate SoCal.
$2,399,000
OC25102562 MLS
Presented for sale is a centrally located prime R4 lot for development in Los Angeles. Property is "ED-1 eligible site" which offers affordable housing developers amazing incentives! Your chance to build an amazing project in the heart of Los Angeles with no evictions, relocation assistance or SB8 replacement of protected units necessary as it will be delivered vacant. This lot boasts central location minutes to Hollywood, Silver Lake, Downtown LA or Korea Town with a WalkScore of 92/100 - walker's paradise. The neighborhood has a lot of nearby conveniences, stores and restaurants. It is close to public transportation and major freeway access. Property is also located inside the Opportunity Zone, which can give major tax incentives to the right developer. Current structure is a 3-unit building. This is not to be missed! Contact listing agent today!

240 S Normandie Avenue, Los Angeles

Listing courtesy of Listing Agent: E. Jaz Pinca (ejpinca@gmail.com) from Listing Office: EJP & Associates.
$2,120,000
21725404 MLS
Sale Price includes 339 & 341 N Virgil Ave. APNs: 5501-002-018 & -019. Must be purchased together. Bank REO Vacant Ideal for Owner UserTwo Single Family Residencies - CombinedRedevelopment potential - [T][Q]MR1-1VL Designated Qualified Opportunity Zone Vermont/Western Transit Oriented District Specific Plan - Subarea D Industrial/ Commercial Convenient Freeway Access (101- Hollywood)+605,324 Residents living within a 3-mile radius

339 N Virgil Avenue, Los Angeles

Listing courtesy of Listing Agent: Mark Hong (markhong@korusre.com) from Listing Office: KORUS Real Estate.

Information Deemed Reliable But Not Guaranteed. © 2026 CARETS ®

Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.