1111 S Kenmore Avenue, Los Angeles, California, United States, 90006

3,795,000
for Sale
17,728

About the property:

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.
Property Type:
Land
Status:
for Sale
Acres:
0.407
Directions:
East of Western, N of Olympic
Association Fee:
0
Is Art:
Yes
Is Apartment:
Yes
Is I C I:
Yes
Is Land:
Yes
Is Market:
Yes
Is Parking:
Yes
Is Retail:
Yes
Is Service:
Yes
Is Shopping Center:
Yes
Is Spa:
Yes
Is Unit:
Yes
Listing ID:
26828383

Rooms

Dimensions

Brokered by:
Keller Williams Beverly Hills
Presented By: