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Listed by Liza Parrilla • Keller Williams Realty Calabasas
$ 1,599,999
Est. payment /mo
Active
1606 Menlo AVE Los Angeles, CA 90006
7,303 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSR25066561
Lot Size 7,303 Sqft
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Development Opportunity - 7300 SF CM-1 Zoned Lot Near Koreatown & Downtown LA! Incredible development opportunity located just south of Koreatown and west of Downtown Los Angeles. This ±7,300 SF lot is zoned LA CM-1, allowing for R3 development potential. Situated near the high-visibility intersection of Vermont Ave & Venice Blvd, the property offers excellent exposure for future leasing signage and convenient access to major hubs including Koreatown, Downtown LA, USC, and the Vermont Ave exit. Key Features: . Zoning: LA CM-1 (R3 development potential) . Lot Size: ±7,300 SF . Location: Near Vermont/Venice intersection . High rental demand area . Easy access to 10 Freeway, Downtown, Koreatown, and USC . Existing architectural plans by Sammi Trabizi for a 5-story, 38-unit apartment building (available upon request) Koreatown continues to be one of LA's most rapidly evolving neighborhoods, making this a prime location for multifamily investment or new construction. Do not miss this rare opportunity to develop in a high-demand rental market. Buyer to verify all zoning and development possibilities with the city.
Location
State CA
County Los Angeles
Area Krea - Koreatown
Zoning LW,LSR,LL,TNS
Exterior
Fence Other, 22, Chain Link
View None
Building
Lot Description Grade - Level
Water District - Public
Others
Tax ID 5056019002
Special Listing Condition Not Applicable
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