Listing provided courtesy of Jesse Sanchez of Compass. Last updated 2024-12-04 09:21:29.000000. Listing information © 2024 Sandicor.
Asking Price: $2,999,999 |
550 S Wilton, Los Angeles CA 90020
Community: C18 - Hancock Park-Wilshire
This property was built in 0 and is priced at $2,999,999. Please see the additional details below.
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!
