We are pleased to present a prime infill development opportunity located at 1048–1054 S. Oxford Avenue in the heart of Koreatown, one of Los Angeles’ most vibrant, dense, and rapidly expanding multifamily markets. This 20,396 square foot corner parcel offers excellent visibility and accessibility, positioned just south of Olympic Boulevard between Western and Normandie Avenues.
Per City of LA zoning codes:
- 50 units allowed on the combined 3 lots
- Max allowable building area: approx. 15,000 sq. ft.
After Preliminary Plan Check:
- Unit count increases from 50 ? 87 units
- Max allowable building area increases to Approx. 70,000 sq. ft.
SB 79 (recently approved, effective by Jan 2026):
- Unit count can increase from 87 ? approx. 100 units
- Max allowable building area is Approx. 70,000 sq. ft.