6
See all 6 photos
$1,077,000
Est. payment /mo
6,290 Sqft Lot
New
1511 S New Hampshire Los Angeles, CA 90006
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR26189486
HOA Y/N No
Lot Size 6,290 Sqft
Property Description
**PRICED TO SELL** 4-UNIT RTI DEVELOPMENT OPPORTUNITY WITH PAID PERMITS | SB8 CLEARED | SHOVEL READY | DELIVERED VACANT. Exceptional investment opportunity in the Pico-Union/Koreatown corridor featuring an existing vacant triplex on a 6,290 SF corner lot. The property includes fully approved RTI plans and approximately **$70,000 in paid permits**, allowing a developer to begin construction without the lengthy entitlement process. The approved project offers approximately 8,202 SF of gross building area with an attractive unit mix consisting of **Four Townhome Units w/ Attached 2-Car Garage** - Two 5-bed (plus office) / 5-bath units and Two 4-bed / 5-bath units. Each unit features en-suite bathrooms throughout and a private two-car garage, making the project well suited for co-living, student housing, or high-demand rental use. Additional ADU potential may exist, subject to buyer verification and applicable city requirements. Centrally located near Koreatown, Downtown Los Angeles, USC, and the I-10 and I-110 freeways. An excellent build-to-sell or long-term investment opportunity. Renderings are conceptual and may not reflect the final approved plans. Buyer to independently verify all plans, permits, square footage, development potential, and ADU feasibility.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LARD1.5
Interior
Fireplace No
Exterior
Community Features Street Lights, Sidewalks
View Y/N Yes
View Neighborhood
Building
Lot Description Corner Lot
Water Public
New Construction No
Others
Senior Community No
Tax ID 5075004019
Acceptable Financing Cash, Owner May Carry, Private Financing Available
Listing Terms Cash, Owner May Carry, Private Financing Available
Special Listing Condition Standard
Listed by Rana Khanjani Sync Brokerage 818-723-9071, DRE #02021891
NEARBY SCHOOL & BUSINESS
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