4110 W 3rd St
Los Angeles, CA 90020
Land For Sale · 0.84 AC

CBRE, Inc., as exclusive advisor to the Seller, is pleased to present 4110 W. 3rd St. in the Koreatown Submarket of Los Angeles. This site consists of five lots located at 4110 W. 3rd St. and 314 S. Harvard Blvd totaling approximately ±36,686 SF of lot area. Currently vacant land, the majority of the site is zoned (T)(Q)LAR5-1VL with the remaining ±25% zoned LAR3-1. The site was approved for a 171-key hotel project in 2016. These approvals have since expired however a zone change from LAC2 to LAR5 was granted in the process and survives to this day. A multitude of state and local incentives can be put to use to yield a high-density housing project on the subject site. It is ED1 eligible, located within a federal DDA and Los Angeles City TOC Tier 3 zone. The site is offered as-is subject to court approval with a bid deadline of July 30, 2025 with a hard closing date of September 15, 2025. The form purchase and sale agreement is available in the Virtual Deal Room for review. The area around the site, Koreatown (often referred to as K-Town), is a vibrant and densely populated district within the heart of Los Angeles. From its world-class Korean barbecue and diverse culinary landscape to its busy shopping centers and lively nightlife, Koreatown offers a comprehensive and immersive cultural experience. This densely packed urban center successfully balances its energetic atmosphere with residential tranquility, providing an accessible and engaging environment that truly captures the essence of a global city within a single, unforgettable district. During the past 12 months, the submarket had a renter demand for 1,300 units and $268 million in apartment properties sold. Most apartment projects delivered during the past 10 years were top-tier 4 & 5 Star developments. Bidders are instructed to review the deal room documents extensively, review/ complete the bidder qualification form and submit their offers on the provided form PSA. Bidders are highly encouraged to retain counsel with expertise in bankruptcy property dispositions. Offers subject to financing will not be considered. Please visit the Property Website www.cbre4110.com to execute the Confidentiality Agreement and access the Virtual Deal Room.