For Sale
$2,500,000

734 Ardmore Ave Los Angeles, CA 90005

Prime Koreatown development site, 6,752 sq ft, R4-2 zoning.

Overview

Added:
Dec 11, 2024
Days on market:
133
This exceptional 6,752 square foot lot, located at 734 S Ardmore Ave in Los Angeles, CA 90005, presents a remarkable opportunity for multi-family development. Situated in the vibrant heart of Koreatown, just one block south of Wilshire Boulevard, this property boasts a highly desirable R4-2 zoning designation, allowing for the construction of up to 29 multi-family units. The APN is 5094-003-007. The property is currently owned by Beesmart OZB, LLC and is being offered for sale by owner at $2,500,000. This prime location offers unparalleled convenience, with easy access to a wealth of amenities including top-notch dining, shopping, and entertainment options. The site benefits from its location within an Opportunity Zone and requires no demolition costs, significantly reducing upfront expenses and accelerating project timelines. This is a truly exceptional opportunity to capitalize on the thriving Koreatown market and create a highly profitable multi-family development. The property is classified as Residential Land and is listed under TOC Tier 3.

Highlights

  • $2,500,000 asking price.
  • 6,752 sq ft lot size in Los Angeles, CA.
  • R4-2 zoning, suitable for multi-family development.
  • Located in Koreatown, one block south of Wilshire Blvd.
  • Potential for up to 29 multi-family units.
  • Located in an Opportunity Zone.

Property Details for 734 Ardmore Ave

Property type
Land

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0587306
Longitude
-118.3016219

FAQs

What type of property is this?
Land - Prime Koreatown development site, 6,752 sq ft, R4-2 zoning.
Where is the land located?
The property is located at 734 Ardmore Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: $2,500,000 asking price.; 6,752 sq ft lot size in Los Angeles, CA.; R4-2 zoning, suitable for multi-family development.
How can I contact the broker?
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734 Ardmore Ave
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