2522 N Shartel Ave 0.28 Acres of Commercial Land Offered at $476,000 in Oklahoma City, OK 73103

This 0.28-acre parcel offers a rare opportunity to develop a 19-unit multifamily apartment complex in one of Los Angeles’ most desirable neighborhoods. Fully approved RTI plans allow for a four-story, 24,122-square-foot building featuring two-bedroom, two-bathroom units averaging 766 square feet. The property is zoned R3-1 and located in a Transit-Oriented Community (TOC) Tier 3 area, enabling density bonuses and streamlined development. Positioned in the Miracle Mile and Mid-Wilshire districts, the site combines a quiet residential feel with proximity to major employment centers, cultural attractions, and transit hubs. Residents will enjoy easy access to Hollywood Freeway, State Route 2, and public transportation options, including Union Station and LAX within minutes. The surrounding area boasts a strong demographic profile with over 1.1 million residents within five miles, an average household income exceeding $95,000, and a renter occupancy rate of 79%, ensuring robust demand for multifamily housing. With parking accommodations, a rooftop deck, and recreation space included in the plans, this project is primed for success in a thriving rental market.