This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
957 Arapahoe St
Los Angeles, CA 90006
Excellent Development Opportunity · Land For Sale
·
0.20 AC
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)
Property Facts
| Property Type | Land | Total Lot Size | 0.20 AC |
| Property Subtype | Residential | No. Stories | 2 |
| Proposed Use | Apartment Units | ||
| Zoning | LAR4-1 - Zoned LAR4-1 - TOC Tier 3. | ||
| 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. |
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
