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Investment Highlights

  • Freestanding building High Traffic in Koreatown
  • Rare opportunity to OWN freestanding restaurant-mix-use building
  • Ample Parking - Egress and Ingress Corner Lot

Executive Summary

This rare opportunity to OWN a freestanding restaurant-mixed-use building situated on an 11,547 SF corner lot in the Heart of Koreatown, CA, with 22+ parking spaces.
The prime residential development offers the opportunity to build 120+ modern units, with potential for mixed-use, including ground-floor retail.
The property enjoys a vibrant customer base with residential apartments, offices, medical facilities, and hotels nearby.
Flexible parcel configuration supports a wide range of residential or mixed-use projects.
Surrounded by established retail corridors and community amenities.
• Multifamily Residential: Opportunity to deliver 50+ apartment or condominium units, subject to density allowances and site planning.
• Mixed-Use Redevelopment: Combination of ground-floor retail with residential units above, activating the streetscape while capturing housing demand.

Data Room Click Here to Access

Property Facts

Sale Type
Investment or Owner User
Sale Conditions
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,770 SF
Building Class
B
Year Built
1971
Price
$13,812,000 CAD
Price Per SF
$2,895.60 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.41
Lot Size
0.27 AC
Opportunity Zone
Yes
Zoning
LAC2 - "Commercial - C1.5 Uses; Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales, R4 Uses
Parking
20 Spaces (4.19 Spaces per 1,000 SF Leased)
Frontage
265’ on W 6th St

Amenities

  • Bus Line
  • Signage
  • Signalized Intersection
Very walkable
80/100
Moderately drivable
70/100
Exceptional public transit
90/100
Fairly bikeable
50/100

Nearby Major Retailers

24 Hour Fitness
Orangetheory Fitness
The Coffee Bean & Tea Leaf
Starbucks
CrossFit
Ralphs
H Mart
Blue Bottle Coffee
Vision Plan Of America
Citi

Property Taxes

Property Taxes

Parcel Number
5503-025-006
Land Assessment
$8,047,202 CAD
Improvements Assessment
$661,020 CAD
Total Assessment
$8,708,223 CAD
  • Listing ID: 31107279

  • Date on Market: 2024-03-03

  • Last Updated:

  • Address: 3680 W 6th St, Los Angeles, CA 90020

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