$ 14,300,000
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$14,300,000
Price -
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Bath -
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SqFt
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About the Listing X78945 - X98628
Prime development opportunity in the heart of Koreatown. The offering consists of two contiguous parcels at 705 & 715 S Serrano Ave, currently improved with single-family residences and being sold together as a land value development site. The property is zoned R4-2 with TOC Tier 3 incentives, offering significant density bonus benefits and no height restriction, allowing for a large-scale multifamily development. The site has already cleared Historic designation, and demolition permits have been obtained, significantly reducing the entitlement timeline for developers. With the TOC Tier 3 density bonus, the project has the potential to accommodate 200+ residential units (Buyer to verify with the City). Located in one of Los Angeles' most dense and rapidly developing neighborhoods, the property is within close proximity to Wilshire Blvd, major transit corridors, restaurants, retail, and employment centers, making it an ideal opportunity for developers seeking a high-density multifamily project in Koreatown.
Listing Highlights
Status
Active
Days on Site
6
Property Type
Vacant Land
MLS ®
26665159
Year Built
Total Square Footage
0
Lot/Acreage
0.28
County
Los Angeles
Interior Details
- Bedrooms: 0
- Bathrooms: 0 Full
- Appliances:
- Air Cond:
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- Floor:
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- Below Ground Sq Ft: n/a
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Exterior Details
- Garage Capacity: N/A
- Lot Dimensions: 80x150
- Zoning: LAR4
- Roof:
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Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: N/A
- Tax Year: N/A
Payment Calculator
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Questions About..
715 S Serrano Ave Los Angeles, CA 90005
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