The median home value in Los Angeles, CA is $1,160,000.
This is
higher than
the county median home value of $790,000.
The national median home value is $308,980.
The average price of homes sold in Los Angeles, CA is $1,160,000.
Approximately 45.51% of Los Angeles homes are owned,
compared to 47.38% rented, while
5.3% are vacant.
Los Angeles real estate listings include condos, townhomes, and single family homes for sale.
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We are proud to present this property on a 10,491 SF lot zoned LAR3-1, TOC Tier 3. This zoning allows for 13 units by right or 23 units with the TOC bonu,. The property is also ED1 eligible, permitting even more units as a 100% affordable development. Any project here will be subject to the Park Mile Specific Plan. Conveniently located directly across from Windsor Square, this property is currently in Hancock Park and offers a short walk to Larchmont Village and Koreatown. Windsor Square is an upscale, historic neighborhood in Los Angeles, known for its stately homes and tree-lined streets, providing a peaceful, residential atmosphere near the bustling city center. Hancock Park boasts grand, elegant homes and mansions from the early 20th century, set in a lush, leafy environment with proximity to the La Brea Tar Pits and the Los Angeles County Museum of Art. Larchmont Village is a charming, walkable neighborhood with a small-town feel, centered around Larchmont Boulevard, which is lined with boutique shops, cafes, and a popular Sunday farmer's market. Koreatown is a vibrant, densely populated district known for its bustling nightlife, diverse dining options, and cultural landmarks, reflecting a rich Korean heritage mixed with a dynamic urban lifestyle. Future residents will have easy access to all that Los Angeles has to offer via the Metro bus or the Big Blue Bus stops at the end of the block.
We are excited to present this spectacular corner lot development opportunity in prime Koreatown! The existing building consists of seven units and includes plenty of parking. With tier 3 zoning and a lot size of over 13,000 square feet, this building can be delivered vacant for a very promising development opportunity for 90 affordable units. Plans have been submitted and property can be delivered RTI (Buyer to pay permit fees) This amazing property is located in the heart of Koreatown, a rising area for development with nearby office buildings, hotels, retail, restaurants and a very unique nightlife!
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Based on information from CRISNet MLS as of 7/6/2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
