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1048-1054 S. Oxford Ave - DEVELOPMENT OPPORTUNITY IN PRIME KOREATOWN 20,396 Acres of Residential Land Offered at $6,950,000 in Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- 20,396 SF CORNER LAND.
- WALKER'S PARADISE; WITH A WALKING SCORE OF 97!!!
- GOOD FREEWAY ACCESS; JUST 1 MILE NORTH OF THE 10 FREEWAY.
- LOCATED WITHIN THE HEART OF KOREATOWN.
- EASY ACCESSABILITY; LESS THAN 1 MILE FROM THE WILSHIRE/WESTERN PURPLE LINE STATION.
- EXCELLENT DEMOGRAPHICS; APPROX. 100,000 PEOPLE RESIDE WITHIN A 1-MILE RADIUS AND OVER 600,000 PEOPLE.
EXECUTIVE SUMMARY
We are pleased to present a prime infill development opportunity located at 1048–1054 S. Oxford Avenue in the heart of Koreatown, one of Los Angeles’ most vibrant, dense, and rapidly expanding multifamily markets. This 20,396 square foot corner parcel offers excellent visibility and accessibility, positioned just south of Olympic Boulevard between Western and Normandie Avenues.
Per City of LA zoning codes:
- 50 units allowed on the combined 3 lots
- Max allowable building area: approx. 15,000 sq. ft.
After Preliminary Plan Check:
- Unit count increases from 50 ? 87 units
- Max allowable building area increases to Approx. 70,000 sq. ft.
SB 79 (recently approved, effective by Jan 2026):
- Unit count can increase from 87 ? approx. 100 units
- Max allowable building area is Approx. 70,000 sq. ft.
Per City of LA zoning codes:
- 50 units allowed on the combined 3 lots
- Max allowable building area: approx. 15,000 sq. ft.
After Preliminary Plan Check:
- Unit count increases from 50 ? 87 units
- Max allowable building area increases to Approx. 70,000 sq. ft.
SB 79 (recently approved, effective by Jan 2026):
- Unit count can increase from 87 ? approx. 100 units
- Max allowable building area is Approx. 70,000 sq. ft.
PROPERTY FACTS
| Price | $6,950,000 | Proposed Use | Multifamily |
| Sale Type | Investment or Owner User | Total Lot Size | 20,396.00 AC |
| No. Lots | 1 | Cross Streets | 11th St. |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | R4-2 | ||
| Price | $6,950,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 20,396.00 AC |
| Cross Streets | 11th St. |
| Opportunity Zone |
Yes |
| Zoning | R4-2 |
1 LOT AVAILABLE
Lot
| Price | $6,950,000 | Lot Size | 20,396.00 AC |
| Price Per AC | $340.75 |
| Price | $6,950,000 |
| Price Per AC | $340.75 |
| Lot Size | 20,396.00 AC |
• Lot Size: 20,396 SF • Zoning: R4-2 | TOC Tier 3 • Buildable FAR: Approx. 70,000 SF (by-right) • Density Bonus Potential: Up to 92 residential units with AMI incentives
1 1
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (70)
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1048-1054 S. Oxford Ave - DEVELOPMENT OPPORTUNITY IN PRIME KOREATOWN
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