502 S Harvard Blvd
Los Angeles, CA 90020
Land For Sale · 0.21 AC

Morgan Skenderian is pleased to offer "5th & Harvard Tower @ Koreatown", a 7-story, 40-unit Fully-Entitled apartment development site located in the hip and emerging Los Angeles neighborhood of Koreatown. The offering of 5th & Harvard Tower, also known as 502 S. Harvard Boulevard, is a large, 8,962 Sq.Ft. corner lot offering excellent exposure to the future building. 5th & Harvard Tower is zoned R4 and zoned (TOC) Tier 3 according to the city of Los Angeles Transit-Oriented Communities. The proposed 40-unit development will be comprised of a desirable mix of (10) studios, (6) two bedroom/one bathroom units, (6) two bedroom/one and a half baths units and (18) two bedroom/two bathroom units. Of the 40 units, 4 units must be dedicated "Extremely Low Income" (ELI) as part of Los Angeles City density bonus approval. 5th & Harvard will offer (20) standard parking spaces (including 1-van accessible) and (3) compact spaces along with ample street parking. This offering is a superb opportunity to invest in one of Los Angeles's trendiest neighborhoods, amidst a developmental boom, in which offers any investor an opportunity to be apart of the rise of Koreatown. Email listing broker for a full Offering Memorandum.