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362 S Commonwealth Ave
Los Angeles, CA 90020 Koreatown

$1,580,000 USD

Land For Sale  •  0.21 AC

Property Details

  • Property Type Land
  • Lot Size 0.21 AC
  • Zoning R4-2
79 Transit Score
91 Walk Score

Description

Rare R4-2 zoned vacant lot in prime Koreatown! Approx. 9341 sqft. flat land for multifamily, condos, or Build-To-Rent (BTR) projects. Located near Wilshire Blvd., Downtown LA, and major transit (Fwy 10, 101, 110). Recent developments in the area include apartments, condos and adaptive reuse projects. Street frontage on Commonwealth Ave, with nearby utilities. Seller and Brokers do not guarantee the accuracy of square footage, zoning, unit potential, or development suitability. Buyer and Buyer's agent are advised to independently verify all information with appropriate professionals, public records, and city departments before proceeding. One of the seller is active CA Real Estate Licensee.

Highlights

Prime Koreatown location near transit, shops, and restaurants
High rental demand area ideal for long-term investment
Zoned for multifamily or mixed-use development (Buyer to verify)

Public Transportation

Commuter RailDriveWalkDistance
8 min - 4.2 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 10 min - 4.4 mi
Transit/SubwayDriveWalkDistance
Wilshire/Vermont Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.5 mi
Vermont/Beverly Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 17 min 0.9 mi
Westlake/MacArthur Park Station (Purple Line - Los Angeles County Metropolitan Transportation Authority (Metro), Red Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 20 min 1.0 mi
AirportDriveWalkDistance
Bob Hope 21 min - 12.3 mi
Los Angeles International 26 min - 14.6 mi
Long Beach (Daugherty Field) 34 min - 23.9 mi
John Rhee 213-864-9031 Choice 100 Realty, Inc.
John Rhee 213-864-9031 Choice 100 Realty, Inc.