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900 Wilton Pl - Koreatown Multifamily Development Opportunity 0.22 Acres of Residential Land Offered at $2,600,000 in Los Angeles, CA 90019

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Investment Highlights

  • Corner lot
  • Seller-financing available
  • Walking distance to Metro Station at Wilshire & Western
  • 100% flat / buildable
  • Vacant Land (No Existing Structures)
  • Rare high-density Koreatown infill site

Executive Summary

Seller will carry! Outstanding development opportunity ideally positioned for multi-unit residential construction. The property’s corner configuration provides superior design flexibility, dual frontage, enhanced light exposure, and improved access—key advantages for maximizing unit count and architectural appeal (buyer to verify zoning, density, and development standards). This site presents significant upside potential for developers seeking to capitalize on strong Los Angeles housing demand. Ideal for multifamily or other high-density residential concepts, subject to approvals. Seller is motivated and open to structuring seller financing for qualified buyers, offering the opportunity to reduce upfront capital requirements and enhance overall project returns.

Property Facts

Price $2,600,000
Sale Type Investment
Sale Condition 1031 Exchange
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units - Condo
  • Apartment Units - Senior
  • Apartment Units - Subsidized
  • Daycare Center
  • Rehabilitation Center
Total Lot Size 0.22 AC
No. Stories 1
Zoning LAR3 - Up to 70+ Units (60 Market-Rate / 10 Affordable); Transit Oriented Incentive Area Program allows up to 120% density increase

1 Lot Available

Lot

Price $2,600,000
Price Per AC $11,612,430.66
Lot Size 0.22 AC

Situated on a prominent corner lot at the intersection of S Wilton Place and 9th Street in Los Angeles, this rare, rectangular, and 100% flat parcel offers excellent visibility, dual street frontage, and flexible development potential.

Description

Situated on a desirable corner lot, this vacant land with no existing structures offers dual street frontage, enhanced accessibility, and superior design flexibility—key advantages for maximizing future development potential. The flat, usable parcel is ideally suited for multi-unit residential construction (buyer to verify zoning and development standards), making it an attractive prospect for developers seeking to capitalize on continued housing demand in the area. The corner configuration allows for efficient site planning, improved light exposure, and strong architectural presence. Located within close proximity to major corridors, public transportation, retail, and dining amenities, the site benefits from both neighborhood appeal and urban convenience. With its strategic positioning and development upside, 900 S Wilton represents a rare opportunity to build in a supply-constrained Los Angeles submarket.

Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (74)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
5092-022-007
Land Assessment
$1,148,326
Improvements Assessment
$142,171
Total Assessment
$1,290,497
  • Listing ID: 39546812

  • Date on Market: 2/23/2026

  • Last Updated:

  • Address: 900 Wilton Pl, Los Angeles, CA 90019

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