Seize this incredible opportunity to develop in the dynamic part of town – right between Hancock Park and Koreatown! This large vacant lot consists of two separate APN’s with a combined area of 13,314 square feet. The R3-2 zoning offers a blank slate for your visionary project. The building is almost RTI for 29 units with a total of 40,000 sq. ft. And 53 parking spaces. Renderings of proposed building found in pictures. Alternatively, a feasibility report has been done for affordable housing comfortably fitting 144 units. Whether you envision building 29-unit luxury condo residences or building affordable housing, the potential is immense! Sold together with 544 S Wilton Pl, this prime location is your chance to create something extraordinary in one of LA’s most vibrant neighborhoods. Don’t let this opportunity pass you by!
LISTING AGENT: Jesse Sanchez LISTING BROKERAGE: Compass
Courtesy of Compass. 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 The Agency RE include the name of the listing broker. Neither the listing company nor The Agency RE 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 2025. California Regional Multiple Listing Service. All rights reserved. 550 S Wilton Place 5504026012
Los Angeles, CA
Property Details
Price:
$2,999,999
MLS #:
24463865
Status:
Active
Baths:
0
Address:
550 S Wilton Place 5504026012
Type:
Land
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
Nov 14, 2024
State:
CA
ZIP:
90020
Lot Size:
7,247 sqft / 0.17 acres (approx)
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- Address550 S Wilton Place 5504026012 Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90020
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