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For SaleLuxury

$3,795,000

17,729 sqft$214/sqft181 days on market

1111 S Kenmore Avenue

Los Angeles, CA 90006

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

17,729

Square feet

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Built

Listing narrative

Description

Shovel-ready / RTI multifamily development opportunity located at 1103, 1107, 1109, and 1111 S Kenmore Ave four contiguous parcels in the heart of Koreatown. The project includes Ready-to-Issue (RTI) permits and fully approved architectural plans for a modern 5-story, 45-unit apartment development featuring 5 low-income units and approximately 46,259 SF of total FAR in one of Los Angeles' strongest rental markets.The approved development offers 37 parking spaces, including 4 EV spaces, plus 4 future potential parking spaces, along with dedicated bicycle parking. Additional features include elevator service, a full sprinkler system, and an efficient stacked construction design. The site is zoned R3-1 and is non-rent-controlled.Ideally positioned near Metro access and within walking distance to Koreatown's premier shopping centers, restaurants, retail, nightlife, and major employment corridors, the property benefits from exceptional connectivity and strong long-term rental demand. This rare infill development opportunity allows developers to move directly toward construction in a highly sought-after Mid-Wilshire / Koreatown location.

Listing agent (MLS): Amin Shafiei · Listing brokerage (MLS): Keller Williams Beverly Hills

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$3,795,000

Beds

Beds n/a

Type

Land

Home Size

17,729 sqft

Baths

Baths n/a

Lot Size

0.41 acres

Year

Year n/a

Status

For Sale

Days on Market

181

$ / Sqft

$214

· 8% down, 7% APR, 30yr fixed
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Courtesy of Keller Williams Beverly Hills