sq ft: 13,600
Land, Residential Investment
Updated on April 5, 2023 at 7:37 pm
• Prime multi-family or mixed-use development purchase or lease opportunity
• 6,480 sq.ft. of buildings on 18,250 sq.ft. of land
• Current zoning allows 45 market units by right (verify with City)
• Tier 3 TOC encourages the construction of affordable housing near bus and train stations with a 70% increase in density/50% increase in FAR
• Also ideal for owner/user restaurant/catering business (existing grease trap clarifier)
• Two existing buildings with abundant parking
• Block-to-block parcel between Vermont Avenue and New Hampshire Avenue
• Prime location just south of Pico Boulevard and 1-mile west of Downtown Los Angeles
• 1.5-miles north of USC and 2.1-miles north of the Memorial Coliseum and the $1-billion George Lucas Museum of Narrative Art (estimated 2023 completion)
• Southeast gateway to Mid-Wilshire and Koreatown
• Call Broker regarding lease opportunity
Owner/User or Development Site - 1331 S Vermont Ave, Los Angeles, CA 90006, USA
