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$ 4,450,000
Est. payment /mo
Active
1111 S Kenmore Avenue Los Angeles, CA 90006
46,259 SqFt
UPDATED:
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 46,259 sqft
Price per Sqft $96
MLS Listing ID CL26854417
HOA Y/N No
Year Built 1910
Lot Size 0.407 Acres
Acres 0.407
Property Sub-Type Condominium
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplaces Type None
Fireplace No
Laundry See Remarks
Exterior
Pool None
Private Pool false
Building
Architectural Style Contemporary
Level or Stories Multi/Split
New Construction No
Others
Tax ID 5078022004
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Listed by Amin Shafiei • Keller Williams Beverly Hills