Log In/Sign Up
Your email has been sent.
967 Arapahoe St - +/-21U by Right , +/-36U (TOC), 42U (MIIP) 0.2 Acres of Residential Land Offered at $1,499,000 in Los Angeles, CA 90006
INVESTMENT HIGHLIGHTS
- Build +/-21 units by right or +/-36 units with TOC Tier 3 or +/-42 units with MIIP Tier 2
- Current Rental Income: $4071.25/month
- Excellent freeway access (101, 10, 110)
- Expansive 8,535 Sq. Ft. lot - Zoning LAR4-1, TOC Tier 3
- Premier Mid-Wilshire location
- Tremendous redevelopment potential
EXECUTIVE SUMMARY
Located in the highly sought-after Mid-Wilshire neighborhood, this three-story single-family residence at 967 Arapahoe Street presents a rare opportunity for both investors and developers. The property features 4 bedrooms and 2 bathrooms across a spacious 2,772 square foot living area and sits on a large 8,535 square foot lot.
Currently leased at $4,071/month, this asset provides immediate income while offering exceptional future upside. Zoned LAR4-1 and designated within a Transit Oriented Communities (TOC) Tier 3 zone, the site is ideal for multifamily redevelopment with generous density bonuses and reduced parking requirements.
Redevelopment options:
+/-21 Units by Right
+/-36 Units with TOC Tier 3
+/- 42 Units with MIIP Tier 2
Just one block east of S. Hoover Street and minutes from the 101, 10 and 110 Freeways, the property is strategically positioned near Downtown L.A., Koreatown, USC and major employment centers. Whether you're looking to renovate and hold, or unlock the full potential of the land through new construction, this property checks all the boxes.
The nearby vacant land at 957 Arapahoe Street is also available for sale. Contact broker for details.
Currently leased at $4,071/month, this asset provides immediate income while offering exceptional future upside. Zoned LAR4-1 and designated within a Transit Oriented Communities (TOC) Tier 3 zone, the site is ideal for multifamily redevelopment with generous density bonuses and reduced parking requirements.
Redevelopment options:
+/-21 Units by Right
+/-36 Units with TOC Tier 3
+/- 42 Units with MIIP Tier 2
Just one block east of S. Hoover Street and minutes from the 101, 10 and 110 Freeways, the property is strategically positioned near Downtown L.A., Koreatown, USC and major employment centers. Whether you're looking to renovate and hold, or unlock the full potential of the land through new construction, this property checks all the boxes.
The nearby vacant land at 957 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 - 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 - LAR4-1 TOC Tier 3 |
1 LOT AVAILABLE
Lot
| Price | $1,499,000 | Lot Size | 0.20 AC |
| Price Per AC | $7,650,418.25 |
| Price | $1,499,000 |
| Price Per AC | $7,650,418.25 |
| Lot Size | 0.20 AC |
8,535 Sq. Ft. Lot with an existing single family house. Zoning LAR4-1, TOC Tier 3.
Walk Score®
Walker's Paradise (93)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (72)
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
967 Arapahoe St - +/-21U by Right , +/-36U (TOC), 42U (MIIP)
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.