734 Manhattan Pl Los Angeles, CA 90005

This exceptional 15,000-square-foot vacant lot presents a remarkable development opportunity in the heart of Los Angeles' Koreatown. Located at 734 S Manhattan Pl, 90005, this property boasts TOC Tier 3 and R4-2 zoning, allowing for immediate construction of a fully approved 64-unit, seven-story building. Alternatively, the site is suitable for an ED1 100% affordable housing project. The existing RTI (Ready-to-Issue) plans detail a 61,639-square-foot building encompassing 60 units plus 4 ADUs, with a unit mix of 24 studios, 30 three-bedrooms, 6 four-bedrooms, and 4 ADUs. Six units must be dedicated to extremely low-income affordable housing. Parking includes 33 automobile spaces, 49 long-term bicycle spaces, and 12 short-term spaces. The property's central location, just two blocks from the Wilshire/Western intersection, provides convenient access to Koreatown's amenities and major transportation routes, including easy access to Downtown LA, Hollywood, Los Feliz, Silver Lake, and Hancock Park. Currently vacant, this site offers a seamless development process without tenant relocation challenges. This is a truly unique opportunity to capitalize on the thriving Koreatown market.