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957 Arapahoe St - Excellent Development Opportunity 0.2 Acres of Residential Land Offered at $1,499,000 in Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Vacant Land - Lot Size 8,581 Square Feet
- Zoning: LAR4-1
- Prime Mid-Wilshire location near Downtown L.A. and Koreatown
- Approx. Dimensions: 60.27 feet x 142.4 feet
- TOC Tier 3 - Eligible for density bonuses
- Excellent freeway access (101, 10, 110)
EXECUTIVE SUMMARY
+/-21 units by right
+/-36 units with TOC Tire 3
+/-42 Units with MIIP Tier 2
Rare offering of vacant land in the heart of Mid-Wilshire, this 8,581 square foot lot is a developer's dream. With dimensions of approximately 60.27 feet x 142.4 feet, the site offers an ideal layout for a new multifamily project in one of L.A.'s highest-demand infill locations.
Zoned LAR4-1, and located in a Transit Oriented Communities (TOC) Tier 3 zone, the property qualifies for significant density bonuses and reduced parking requirements, making it an outstanding candidate for a high-yield apartment development.
Perfectly positioned just east of S. Hoover Street and minutes from the 101, 10 and 110 Freeways, 957 Arapahoe offers unbeatable accessibility to Downtown L.A., Koreatown, USC and major transit hubs. This is an opportunity in a rapidly transforming neighborhood with strong rental demand and long-term upside.
The nearby single family home with great redevelopment potential at 967 Arapahoe Street is also available for sale. Contact broker for details.
PROPERTY FACTS
| Price | $1,499,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.20 AC |
| Property Type | Land | No. Stories | 2 |
| Zoning | LAR4-1 - Zoned LAR4-1 - TOC Tier 3. | ||
| Price | $1,499,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.20 AC |
| No. Stories | 2 |
| Zoning | LAR4-1 - Zoned LAR4-1 - TOC Tier 3. |
1 LOT AVAILABLE
Lot
| Price | $1,499,000 | Lot Size | 0.20 AC |
| Price Per AC | $7,609,407.44 |
| Price | $1,499,000 |
| Price Per AC | $7,609,407.44 |
| Lot Size | 0.20 AC |
8,581 Sq. Ft. Lot - Approximately dimensions of 60.27 Ft. X 142.4 Ft. - Zoned LAR4-1 - TOC Tier 3.
DESCRIPTION
Rare offering of vacant land in the heart of Mid-Wilshire, this 8,581 square foot lot is a developer’s dream. With dimensions of approximately 60.27 Ft. x 142.4 Ft., the site offers an ideal layout for a new multifamily project in one of L.A.’s highest-demand infill locations. Potential Development Options: +/-21 units by right +/-36 units with TOC Tire 3 +/-42 Units with MIIP Tier 2 Zoned LAR4-1 and located in a Transit Oriented Communities (TOC) Tier 3 zone, the property qualifies for significant density bonuses and reduced parking requirements, making it an outstanding candidate for a high-yield apartment development. Perfectly positioned just east of S. Hoover Street and minutes from the 101, 10, and 110 Freeways, 957 Arapahoe offers unbeatable accessibility to Downtown L.A., Koreatown, USC, and major transit hubs. This is an opportunity in a rapidly transforming neighborhood with strong rental demand and long-term upside.
PROPERTY TAXES
| Parcel Number | 5076-005-007 | Improvements Assessment | $0 |
| Land Assessment | $1,731,890 | Total Assessment | $1,731,890 |
PROPERTY TAXES
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957 Arapahoe St - Excellent Development Opportunity
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