Seize this incredible opportunity to develop in the dynamic part of town - right between Hancock Park and Koreatown! This large vacant lot consists of two separate APN's with a combined area of 13,314 square feet. The R3-2 zoning offers a blank slate for your visionary project. The building is almost RTI for 29 units with a total of 40,000 sq. ft. And 53 parking spaces. Renderings of proposed building found in pictures. Alternatively, a feasibility report has been done for affordable housing comfortably fitting 144 units. Whether you envision building 29-unit luxury condo residences or building affordable housing, the potential is immense! Sold together with 550 S Wilton Pl, this prime location is your chance to create something extraordinary in one of LA's most vibrant neighborhoods. Don't let this opportunity pass you by!
Features
crop_free6040 sq. ft. lot size
cottageLand
Property history for 544 S Wilton Pl
2021
Sold
$1,400,000
26 Mar 2021 by Sung Young Kim, of WIN Realty & Properties
2019
Sold
$1,440,000
01 Apr 2019
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Local market activity for land plots in Los Angeles
Sold
For Sale
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