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Listed by Kuangkai Kuo • In Realty Inc.
$8,000,000
Est. payment /mo
0.41 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID AR-26169606
Lot Size 0.412 Acres
Source California Regional Multiple Listing Service (CRMLS)
Property Description
Exceptional RTI (Ready-to-Issue) development opportunity at 408–414 S. Oxford Ave. (APNs: 5503-013-008 & 5503-013-009), totaling 17,930 SF of land, for a 6-story, 40-unit multifamily apartment project in one of Koreatown's most desirable residential neighborhoods. With permits ready to be issued, developers can begin construction immediately, significantly reducing entitlement time, carrying costs, and development risk.
Positioned north of Wilshire Blvd., the property enjoys a highly sought-after location known for its wider streets, well-organized street grid, and attractive residential character. Directly across from a supermarket and just moments from Metro stations and public transportation, the site offers outstanding convenience and excellent connectivity throughout Los Angeles.
Unlike many urban infill developments, the property is surrounded by well-maintained single-family homes, creating a rare sense of openness, enhanced privacy, abundant natural light, and an inviting residential atmosphere. The thoughtfully designed 6-story project features 40 spacious two-bedroom, two-bathroom residences, with most units offering bedrooms separated by living space rather than sharing a common wall, providing improved privacy, reduced noise transfer, and a superior living experience.
The efficient architectural design incorporates a central open-air courtyard that maximizes natural light and cross-ventilation, creating bright, airy interiors and an inviting communal space for residents. This rare shovel-ready development opportunity combines a premier Koreatown location, superior product design, and immediate development readiness, offering developers an exceptional opportunity to deliver a highly competitive multifamily project with strong long-term investment potential.
Positioned north of Wilshire Blvd., the property enjoys a highly sought-after location known for its wider streets, well-organized street grid, and attractive residential character. Directly across from a supermarket and just moments from Metro stations and public transportation, the site offers outstanding convenience and excellent connectivity throughout Los Angeles.
Unlike many urban infill developments, the property is surrounded by well-maintained single-family homes, creating a rare sense of openness, enhanced privacy, abundant natural light, and an inviting residential atmosphere. The thoughtfully designed 6-story project features 40 spacious two-bedroom, two-bathroom residences, with most units offering bedrooms separated by living space rather than sharing a common wall, providing improved privacy, reduced noise transfer, and a superior living experience.
The efficient architectural design incorporates a central open-air courtyard that maximizes natural light and cross-ventilation, creating bright, airy interiors and an inviting communal space for residents. This rare shovel-ready development opportunity combines a premier Koreatown location, superior product design, and immediate development readiness, offering developers an exceptional opportunity to deliver a highly competitive multifamily project with strong long-term investment potential.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning R3
Exterior
Community Features Curbs, Street Lights
View Y/N Yes
View Mountain(s)
Building
Lot Description Lot 10000-19999 Sqft
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Nearby Locations
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John R Thompson
Broker/Owner | License ID: 01200900
Broker/Owner License ID: 01200900