We are proud to present for sale a development opportunity in prime Los Angeles’ Windsor Square neighborhood – that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don’t they build something there?! Well, now is your chance! The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density! Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing. The property is subject to the Park Mile Specific Plan. Build 55+/- Units by Right with AB2334, or up to 110+/- Units by Density Bonus! Go with a strictly 100% Affordable Housing Project to maximize density. The location qualifies for SAFMR Tier 2 rents. Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take future tenants towards Westwood, as it now already takes them to Downtown. AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants. No tenants, no Ellis, no RSO, the property is ready for it’s next role in life, and ready to become the go-to spot for all different tenant types out there!
Property Details
Price:
$6,500,000
MLS #:
24358203
Status:
Active Under Contract
Baths:
0
Address:
4155 Wilshire Boulevard 5504009017
Type:
Land
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Feb 14, 2024
State:
CA
ZIP:
90010
Lot Size:
22,362 sqft / 0.51 acres (approx)
See this Listing
Mortgage Calculator
Schools
Interior
Exterior
Financial
Map
Community
- Address4155 Wilshire Boulevard 5504009017 Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90010
Similar Listings Nearby
- 1753 Viewmont Dr 5558016050
Los Angeles, CA$7,995,000
4.52 miles away
- 726 Hartford Avenue 5143009005
Los Angeles, CA$6,500,000
2.99 miles away
- 2645 Blimp Street 5442007024
Los Angeles, CA$6,350,000
4.90 miles away
- 5615 W Pico Boulevard 5085027005
Los Angeles, CA$5,995,000
2.55 miles away
- 957 Arapahoe Street 5076005007
Los Angeles, CA$5,995,000
1.93 miles away
- 2819 S Flower Street 5123019031
Los Angeles, CA$5,800,000
3.46 miles away
- 2829 Waverly Drive 5434025085
Los Angeles, CA$5,500,000
4.47 miles away
- 4718 Oakwood Avenue 5522032014
Los Angeles, CA$4,995,000
1.14 miles away
- 854 S Normandie Avenue 5094018001
Los Angeles, CA$4,650,000
1.14 miles away
Courtesy of Keller Williams Beverly Hills. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
4155 Wilshire Boulevard 5504009017
Los Angeles, CA
LIGHTBOX-IMAGES