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3028 W. 7th - 3028 W. 7th St. 0.21 Acres of Commercial Land Offered at $2,750,000 in Los Angeles, CA 90005
Investment Highlights
- Located in Koreatown, one of Los Angeles’ most dynamic and densely populated districts.
- High visibility with strong walkability (Walk Score: 80) and exceptional public transit access (Transit Score: 100).
- Positioned near major transportation routes including Wilshire Boulevard and the 101 Freeway, ensuring regional connectivity.
- 0.21-acre commercial parcel within an Opportunity Zone offers potential tax advantages for qualifying projects.
- Zoning LAC2 supports a variety of commercial development options; buyer to verify specific uses with the City.
- Surrounded by robust residential and commercial growth, creating strong demand drivers for development.
Executive Summary
3028 W. 7th Street offers a rare investment and development opportunity within Los Angeles’ Koreatown district, one of the city’s most vibrant and accessible neighborhoods. This 0.21-acre site is zoned LAC2 (Commercial), creating flexibility for a range of potential uses. Its placement within an Opportunity Zone provides the added benefit of preferential tax incentives for qualified investors, enhancing the financial appeal of redevelopment projects.
The property’s location delivers outstanding connectivity and walkability, boasting a Walk Score of 80 and superb access to regional public transportation with a Transit Score of 100. Nearby thoroughfares include Wilshire Boulevard, Vermont Avenue, and the 101 Freeway, ensuring seamless access to Downtown Los Angeles, Hollywood, and the Westside. The surrounding area supports strong demand driven by dense residential development, growing retail corridors, and a thriving business ecosystem.
This site is ideal for an investor or developer seeking a prime urban infill opportunity with significant long-term upside in a high-demand submarket.
The property’s location delivers outstanding connectivity and walkability, boasting a Walk Score of 80 and superb access to regional public transportation with a Transit Score of 100. Nearby thoroughfares include Wilshire Boulevard, Vermont Avenue, and the 101 Freeway, ensuring seamless access to Downtown Los Angeles, Hollywood, and the Westside. The surrounding area supports strong demand driven by dense residential development, growing retail corridors, and a thriving business ecosystem.
This site is ideal for an investor or developer seeking a prime urban infill opportunity with significant long-term upside in a high-demand submarket.
Property Facts
| Price | $2,750,000 | Property Subtype | Commercial |
| Sale Type | Investment | Proposed Use | Commercial |
| No. Lots | 1 | Total Lot Size | 0.21 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | LAC2 - Commercial | ||
| Price | $2,750,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.21 AC |
| Opportunity Zone |
Yes |
| Zoning | LAC2 - Commercial |
1 Lot Available
Lot
| Price | $2,750,000 | Lot Size | 0.21 AC |
| Price Per AC | $12,887,564.20 |
| Price | $2,750,000 |
| Price Per AC | $12,887,564.20 |
| Lot Size | 0.21 AC |
Lot ideal for development (check with City) 9,296 sf Zoning: C2
Description
3028 W. 7th Street in Los Angeles is a 0.21-acre parcel designated for commercial use. The site is within Koreatown and inside an Opportunity Zone as recognized by state officials. The property is zoned LAC2 (Commercial), and current public records indicate an assessed land value of $2,448,000. The parcel is recorded under Assessor’s Parcel Number 5077-017-003. The location provides excellent connectivity to regional transportation networks and is served by robust public transit options.
1 1
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
100/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 5077-017-003 | Improvements Assessment | $0 |
| Land Assessment | $2,448,000 | Total Assessment | $2,448,000 |
Property Taxes
Parcel Number
5077-017-003
Land Assessment
$2,448,000
Improvements Assessment
$0
Total Assessment
$2,448,000
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