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1606 Menlo Ave - Pico Union-18 Unit Apartment Development Site 0.17 Acres of Commercial Land Offered at $1,599,999 in Los Angeles, CA 90006
EXECUTIVE SUMMARY
Development Potential:
The seller has approved architectural plans by Sammi Trabizi for a five-story, 38-unit apartment building, which can be made available upon request. This presents an outstanding opportunity for developers and investors looking to capitalize on LA’s strong rental market. With rising housing demand and the ongoing transformation of the Koreatown and Mid-Wilshire areas, this property is well-positioned for long-term appreciation and investment success.
Positioned just south of Koreatown and west of Downtown Los Angeles, 1606 Menlo Ave offers a high demand rental development opportunity in a thriving urban corridor. The 7,303 SF lot is zoned LACM-1/R-3, allowing for a multi-unit residential development in one of LA’s most sought-after investment areas.
The seller has approved architectural plans by Sammi Trabizi for a five-story, 38-unit apartment building, which can be made available upon request. This presents an outstanding opportunity for developers and investors looking to capitalize on LA’s strong rental market. With rising housing demand and the ongoing transformation of the Koreatown and Mid-Wilshire areas, this property is well-positioned for long-term appreciation and investment success.
Positioned just south of Koreatown and west of Downtown Los Angeles, 1606 Menlo Ave offers a high demand rental development opportunity in a thriving urban corridor. The 7,303 SF lot is zoned LACM-1/R-3, allowing for a multi-unit residential development in one of LA’s most sought-after investment areas.
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER AC |
|---|---|---|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
TAXES & OPERATING EXPENSES (ACTUAL - 2025) Click Here to Access
| Taxes | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
PROPERTY FACTS
| Price | $1,599,999 | Property Subtype | Commercial |
| Sale Type | Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.17 AC |
| Property Type | Land | ||
| Zoning | LA CM-1 / LA R3 | ||
| Price | $1,599,999 |
| Sale Type | Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.17 AC |
| Zoning | LA CM-1 / LA R3 |
1 LOT AVAILABLE
Lot
| Price | $1,599,999 | Lot Size | 0.17 AC |
| Price Per AC | $9,543,458.55 |
| Price | $1,599,999 |
| Price Per AC | $9,543,458.55 |
| Lot Size | 0.17 AC |
The seller has approved architectural plans by Sammi Trabizi for a five-story, 38-unit apartment building, which can be made available upon request.
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 5056-019-002 | Improvements Assessment | $0 |
| Land Assessment | $1,458,600 | Total Assessment | $1,458,600 |
PROPERTY TAXES
Parcel Number
5056-019-002
Land Assessment
$1,458,600
Improvements Assessment
$0
Total Assessment
$1,458,600
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1606 Menlo Ave - Pico Union-18 Unit Apartment Development Site
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