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$ 1,760,000
$ 1,850,000 4.9%
Est. payment | /mo
$ 1,760,000
$ 1,850,000 4.9%
Est. payment | /mo
Key Details
Sold Price $1,760,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Norwood Terrace
MLS Listing ID 23340263
Sold Date 06/17/25
HOA Y/N No
Property Description
Introducing an exceptional opportunity, RTI, Ready-to-Issue 19-Unit non-rent-controlled development in the heart of Koreatown. Strategically positioned in close proximity to the Wilshire/Western Metro Subway Station, this development is surrounded by the vibrant neighborhoods of Koreatown, Silver Lake, Hollywood, and Downtown. This exquisitely designed 5-story construction project, inclusive of a one-level basement parking garage, is a testament to thoughtful planning and contemporary aesthetics. Comprising seventeen 2-bedroom & 2-bathroom units and two 3-bedroom & 2-bathroom units, the development offers a harmonious blend of functionality and sophistication. With a generous rentable/living area spanning approximately 15,400 square feet, the apartments vary in size from 728 to 1,110 square feet, providing a diverse range of living options to cater to various preferences. The building also boasts 22 parking spaces, ensuring convenience for residents. Moreover, this project is committed to fostering inclusivity by incorporating 1 Extremely Low-Income unit and 2 Very Low-Income units, contributing to the community's diverse housing needs. Embrace the prospect of investing in a development that not only exemplifies architectural excellence but also aligns with a vision of creating a socially responsible living space in one of Los Angeles' most dynamic neighborhoods.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
New Construction No
Others
Senior Community No
Tax ID 5503007001
Special Listing Condition Standard
Listed by Dae Young Hur Keller Williams Larchmont
Bought with Hope Kim Hope Ys Kim, Broker
Bought with Hope Kim Hope Ys Kim, Broker
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "