$3,795,000
About this home
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.
Facts & features
- Bedrooms
- 0
- Bathrooms
- 0 full, 0 half
- Living area
- 46,259 sq ft
- Fireplace
- None
- Laundry
- See Remarks
- Levels
- Multi Split
- Lot size
- 0.407 acres (17,728 sq ft)
- Pool
- None
- Architectural style
- Contemporary
- Year built
- 1910
- Parking
- Covered
- Area
- C 17 - Mid-Wilshire
- County
- Los Angeles
- Status
- Active
- Property type
- Condominium
- Days on market
- 74
- Listed
- 2026-05-01
- Original price
- $4,450,000
- Parcel #
- 5078022004
- MLS #
- 26854417
