957-967 Arapahoe St - Residential LAND FOR SALE


Los Angeles, CA 90006- Koreatown25,657 SF
$4,950,000 USD
818-325-4142
957-967 Arapahoe St, Los Angeles, CA for Sale
$4,950,000 USD
Residential LAND - FOR SALE
1/8
25,657 SF

957-967 Arapahoe St
Los Angeles, CA 90006
Koreatown


OVERVIEW

Plans Approved, Buyer to Obtain RTI Post-Closing 109-Unit Apartment Project | Tier 3 TOC | Wilshire District Presenting a rare opportunity with approved Plans in the vibrant Wilshire District of Los Angeles. This offering includes three contiguous parcels located at 957, 961, and 967 Arapahoe Street, totaling approximately 25,658 square feet of land. The approved plans call for a 5-story, 109-unit apartment building over a Type I-A subterranean garage, utilizing Type III-A construction. This is a 100% privately funded project in one of the most in-demand, transit-connected neighborhoods of Los Angeles. • Located within the Wilshire Council District, the project is ideally suited for a forward-thinking investor or developer. • Income-producing structures currently exist on two of the parcels, providing holding income while final construction preparations are made. • Investors may pursue re-entitlement under Executive Directive 1 (ED1) or the CHIP Ordinance to potentially increase density and boost project value. This opportunity will bring 109 residential units to a highly walkable, transit-served and amenity-rich location in Los Angeles. With approved plans in hand and options for further entitlements under new city programs, this property is poised for immediate development or strategic repositioning. Contact us today to request the full due diligence package.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/ACRE

$8,403,695/AC

PRICE/SF

$193 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

TOC Project - Approved for 109 Units

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.59 AC

LAND SF

25,658 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

R4-1

APN/PARCEL ID

5076-005-007,5076-005-008,5076-005-009

ASK ABOUT THIS PROPERTY

Reza GhobadiColliersMore Info
818-325-4142

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Reza GhobadiColliersMore Info
818-325-4142

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