Development Opportunity!!! Located just South of Koreatown and West of Downtown Los Angeles and situated in a high demand rental area. Koreatown in Los Angeles has experienced significant development and transformation over the past few decades. The neighborhood has evolved from a primarily
immigrant enclave into one of LA’s most dynamic and diverse areas. Here are some of the key aspects of this development: The 7300 Lot zoned LA CM-1 which allows for a R-3 Development. The lot is conveniently located close to the Vermont / Venice Blvd intersection and has great visibility for future leasing signage from Venice Blvd and Vermont Avenue. The location has great access to Downtown LA, Koreatown, USC as well as the Vermont Avenue Exit. Seller has plans by Architect Sammi Trabizi for a 38 Unit Apartment Unit Building with 5 Floors and will be made available upon request.
Lot/land
Listing Provided by:
Liza Parrilla DRE #02041822 818-601-3269,
Keller Williams Realty Calabasas
Price cut: $50K (6/30)
$1,599,999
1606 Menlo Ave LOT 24, Los Angeles, CA 90006
--beds
--baths
7,303Square Feet
Unimproved Land
Built in ----
7,303 Square Feet Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 130 days
- on Zillow |
- 16 |
- 1 |
Zillow last checked: 7 hours ago
Listing updated: June 30, 2025 at 09:02am
Listing Provided by:
Liza Parrilla DRE #02041822 818-601-3269,
Keller Williams Realty Calabasas
Source: CRMLS,MLS#: SR25066561
Originating MLS: California Regional MLS

Travel times
Facts & features
Property
Features
- Fencing: Average Condition,Block,Chain Link,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 7,303 Square Feet
- Dimensions: 50 x 146
- Features: Level, Near Public Transit, Rectangular Lot
Details
- Parcel number: 5056019002
- Zoning: LACM
- Zoning description: CM-1 \ R-3
- Special conditions: Standard
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Features: Street Lights, Sidewalks
Location
- Region: Los Angeles
Financial & listing details
- Date on market: 3/26/2025
- Listing terms: Cash,Cash to New Loan
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