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521 Carondelet
Los Angeles, CA 90057 MacArthur Park

$3,000,000 USD

Land For Sale  •  0.27 AC

Property Details

  • Property Type Land
  • Lot Size 0.27 AC
  • Zoning LAR4-1
90 Transit Score
80 Walk Score

Description 

The property consists of approximately 0.27 acres across two contiguous lots in Los Angeles County within the Mid-Wilshire submarket. It is zoned LAR4-1 and designated as Tier 3 TOC, allowing increased residential density. The site is currently vacant and rectangular in shape. Surrounding uses include multifamily residential properties, educational institutions, and cultural landmarks. The property benefits from proximity to mass transit routes, arterial streets, and regional roadways providing connectivity to Downtown Los Angeles and neighboring districts.

Highlights

Located in Mid-Wilshire/Lafayette Park on the eastern edge of Koreatown, a major Los Angeles growth corridor.
Supports higher density and reduced parking under Tier 3 TOC incentives, maximizing future development potential.
Just blocks from the historic Bullocks Wilshire landmark and surrounded by notable apartment communities and new developments.
Walkable urban environment with excellent access to metro transit, retail, and dining destinations.
Short drive to major freeways, Downtown Los Angeles, and regional employment centers.
Offered as a vacant site, streamlining entitlement and construction timelines for multifamily development.

Public Transportation

Commuter RailDriveWalkDistance
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)) 9 min - 3.3 mi
8 min - 3.3 mi
AirportDriveWalkDistance
Bob Hope 23 min - 13.0 mi
Los Angeles International 26 min - 14.7 mi
Long Beach (Daugherty Field) 33 min - 23.7 mi
Adam Peterson 310-550-2592 CBRE
Adam Peterson 310-550-2592 CBRE