1111 S Kenmore Ave, Los Angeles, CA 90006
- $3,795,000
- List Price
- $3,795,000
- Price Change
- ▼ $700,000 1784071392
- MLS#
- 26828383
- Lot Size
- 17,728
- Days on Market
- 80
- Property Type
- Land
Property Description
Shovel-ready / RTI multifamily development opportunity located at 1103, 1107, 1109, and 1111 S Kenmore Ave four contiguous parcels in the heart of Koreatown. The project includes Ready-to-Issue (RTI) permits and fully approved architectural plans for a modern 5-story, 45-unit apartment development featuring 5 low-income units and approximately 46,259 SF of total FAR in one of Los Angeles' strongest rental markets.The approved development offers 37 parking spaces, including 4 EV spaces, plus 4 future potential parking spaces, along with dedicated bicycle parking. Additional features include elevator service, a full sprinkler system, and an efficient stacked construction design. The site is zoned R3-1 and is non-rent-controlled.Ideally positioned near Metro access and within walking distance to Koreatown's premier shopping centers, restaurants, retail, nightlife, and major employment corridors, the property benefits from exceptional connectivity and strong long-term rental demand. This rare infill development opportunity allows developers to move directly toward construction in a highly sought-after Mid-Wilshire / Koreatown location.
Additional Information
- Lot Description
- 2-4 Lots
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Courtesy of Keller Williams Beverly Hills, Amin Shafiei - CA DRE#02240729
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