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Listed by Kuangkai Kuo, DRE #01849263 • In Realty Inc.
$ 8,000,000
Est. payment | /mo
0.41 Acres Lot
$ 8,000,000
Est. payment | /mo
0.41 Acres Lot
Key Details
Property Type Vacant Land
Sub Type Other Residential Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRAR26169606
Lot Size 0.412 Acres
Property Sub-Type Other Residential Land
Source California Regional MLS
Property Description
Exceptional RTI (Ready-to-Issue) development opportunity at 408-414 S. Oxford Ave. (APNs: 5503-013-008 & 5503-013-009), totaling 17,930 SF of land, for a 6-story, 40-unit multifamily apartment project in one of Koreatown's most desirable residential neighborhoods. With permits ready to be issued, developers can begin construction immediately, significantly reducing entitlement time, carrying costs, and development risk. Positioned north of Wilshire Blvd., the property enjoys a highly sought-after location known for its wider streets, well-organized street grid, and attractive residential character. Directly across from a supermarket and just moments from Metro stations and public transportation, the site offers outstanding convenience and excellent connectivity throughout Los Angeles. Unlike many urban infill developments, the property is surrounded by well-maintained single-family homes, creating a rare sense of openness, enhanced privacy, abundant natural light, and an inviting residential atmosphere. The thoughtfully designed 6-story project features 40 spacious two-bedroom, two-bathroom residences, with most units offering bedrooms separated by living space rather than sharing a common wall, providing improved privacy, reduced noise transfer, and a superior living exper
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LX
Exterior
View Hills
Building
Water District - Public
Others
Tax ID 5503013009
Special Listing Condition Not Applicable
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