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174 - 186 S Western Avenue, Los Angeles, CA
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174 - 186 S Western Avenue
Los Angeles, CA 90004 - Hollywood/Silver Lake Submarket
For Sale Price:
Brookfield Partners has been retained to exclusively represent a unique opportunity to acquire a transit oriented development site in the heart of Koreatown.
Located a short walking distance from the Wilshire & Western Metro station, the property features superior visibility with frontage of 134.3' on Western Avenue and 143.25' on 2nd Street at a signalized corner (over 39,876 average daily traffic).
Consisting of two separate parcels totaling 19,229 square feet of C2-1 zoned land, the offering allows up to 1.5:1 FAR and one DU per 400 SF land area by right.
Application of the SB1818 density bonus allowance would greatly increase density and floor area. There is no height limitation.
Koreatown,a sprawling, three-square-mile community just west of downtown, has become one of the city' s hippest areas thanks to the continuing renovation of its rich architectural heritage, a new subway traversing its Wilshire Boulevard hub and recently opened boutique hotels like the Line and Normandie. Moreover, K-Town never sleeps, given its strong Asian and Latin work ethic and its clubs, bars and restaurants that have become urban night-life hubs. As the most densely packed part of Los Angeles, it' s also one of the city' s most strollable, with Art Deco buildings and palm-lined boulevards. With the influence of three generations of Korean and Latino immigrants, this area has become a picturesque and prosperous Blade Runner -ish warren of ethnic culinary hot spots imbued with an East-meets-West sense of fun.
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