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362 S Commonwealth Ave 0.21 Acres of Residential Land Offered at $2,163,605 CAD in Los Angeles, CA 90020
Investment Highlights
- Prime Koreatown location near transit, shops, and restaurants
- Zoned for multifamily or mixed-use development (Buyer to verify)
- High rental demand area ideal for long-term investment
Executive Summary
Seller prefers cash or short contingency offers.
Flat lot ideal for multifamily development.
Buyer to verify zoning and development potential with city.
No existing structures
Bring your developers. Buyer to conduct own due diligence.
Seller may consider reasonable offers with quick close.
Property Facts
| Price | $2,163,605 CAD | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.21 AC |
| No. Lots | 1 | Opportunity Zone |
Yes
|
| Property Type | Land | ||
| Zoning | R4-2 - “R4” Multiple Dwelling Zone | ||
| Price | $2,163,605 CAD |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 0.21 AC |
| Opportunity Zone |
Yes |
| Zoning | R4-2 - “R4” Multiple Dwelling Zone |
1 Lot Available
Lot
| Price | $2,163,605 CAD | Lot Size | 0.21 AC |
| Price Per AC | $10,089,603.92 CAD |
| Price | $2,163,605 CAD |
| Price Per AC | $10,089,603.92 CAD |
| Lot Size | 0.21 AC |
Description
Rare R4-2 zoned vacant lot in prime Koreatown! Approx. 9341 sqft. flat land for multifamily, condos, or Build-To-Rent (BTR) projects. Located near Wilshire Blvd., Downtown LA, and major transit (Fwy 10, 101, 110). Recent developments in the area include apartments, condos and adaptive reuse projects. Street frontage on Commonwealth Ave, with nearby utilities. Seller and Brokers do not guarantee the accuracy of square footage, zoning, unit potential, or development suitability. Buyer and Buyer's agent are advised to independently verify all information with appropriate professionals, public records, and city departments before proceeding. One of the seller is active CA Real Estate Licensee.
Property Taxes
| Parcel Number | 5501-022-020 | Improvements Assessment | $0 CAD |
| Land Assessment | $2,618,111 CAD | Total Assessment | $2,618,111 CAD |
Property Taxes
Presented by
362 S Commonwealth Ave
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