550 S Wilton Place 5504026012
Los Angeles, CA, 90020
$2,999,999
Beds
0 Baths
SqFt
0.17 Acres
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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
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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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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