2522 N Shartel Ave - Commercial LAND FOR SALE


Oklahoma City, OK 73103- Paseo12,197 SF
$476,000 USD
405-740-4808
2522 N Shartel Ave, Oklahoma City, OK for Sale
$476,000 USD
Commercial LAND - FOR SALE
1/8
12,197 SF

2522 N Shartel Ave
Oklahoma City, OK 73103
Paseo


HIGHLIGHTS

  • Fully approved RTI plans for 19-unit apartment complex
  • Located in TOC Tier 3 area with density incentives
  • Prime Miracle Mile and Mid-Wilshire location near major hubs
  • Strong demographics with high renter demand and income levels
  • Planned amenities include rooftop deck and recreation room

OVERVIEW

This 0.28-acre parcel offers a rare opportunity to develop a 19-unit multifamily apartment complex in one of Los Angeles’ most desirable neighborhoods. Fully approved RTI plans allow for a four-story, 24,122-square-foot building featuring two-bedroom, two-bathroom units averaging 766 square feet. The property is zoned R3-1 and located in a Transit-Oriented Community (TOC) Tier 3 area, enabling density bonuses and streamlined development. Positioned in the Miracle Mile and Mid-Wilshire districts, the site combines a quiet residential feel with proximity to major employment centers, cultural attractions, and transit hubs. Residents will enjoy easy access to Hollywood Freeway, State Route 2, and public transportation options, including Union Station and LAX within minutes. The surrounding area boasts a strong demographic profile with over 1.1 million residents within five miles, an average household income exceeding $95,000, and a renter occupancy rate of 79%, ensuring robust demand for multifamily housing. With parking accommodations, a rooftop deck, and recreation space included in the plans, this project is primed for success in a thriving rental market.

FOR SALE DETAILS

PRICE

$476,000 USD

PRICE/ACRE

$1,699,972/AC

PRICE/SF

$39 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

0.28 AC

LAND SF

12,197 SF

OFFSITE IMPROVEMENTS

-

ZONING

-

APN/PARCEL ID

047885950

ASK ABOUT THIS PROPERTY

Micah McGahanBrix RealtyMore Info
405-740-4808

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Micah McGahanBrix RealtyMore Info
405-740-4808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.