Property Detail

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.