PERMITS FULLY PAID | ED1 APPROVED | SHOVEL READY | DELIVERED VACANT | Rana Khanjani with Sync Brokerage is proud to present this Exceptional development opportunity in the heart of Koreatown. 9,024 SF R3-zoned lot with an existing vacant triplex and RTI permits fully delivered for a 46-unit ED1 project with an approved covenant in place. Permits include 2 two-bedroom units, 36 one-bedroom units, and 8 studios, totaling approximately 15,703 SF of rentable space and 20,510 SF of gross building area. No parking required, significantly reducing construction costs and timelines. Located in a high-demand, transit-accessible area near Metro lines, major employers, and vibrant dining and retail, making this an ideal project for long-term hold or build-to-sell with strong income potential and value appreciation. Renderings may not entirely reflect final plans. The OM and proforma will be delivered upon interest.
103 days
|
7
|
0
|
Zillow last checked:
Listing updated:
Listed by:
Rana KhanjaniDRE #02021891818-723-9071,
Sync Brokerage
Source: CRMLS,MLS#: SR26068419Originating MLS: California Regional MLS
Facts & features
Property
Features
Has view: Yes
View description: Neighborhood
Lot
Size: 9,024 Square Feet
Details
Parcel number: 5518023004
Zoning: R3
Special conditions: Standard
Utilities & green energy
Water: Public
Community & HOA
Community
Features: Street Lights
Location
Region: Los Angeles
Financial & listing details
Date on market: 3/30/2026
Cumulative days on market: 104 days
Listing terms: Cash,Owner May Carry,Private Financing Available