550 S Wilton Pl Los Angeles CA MLS #24-463865

550 S Wilton Pl
Los Angeles, CA,
$2,999,999
Beds
0 Baths
SqFt
0.17 Acres
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Seize this incredible opportunity to develop in the dynamic part of town – right between Hancock Park and Koreatown! This large vacant lot consists of two separate APN’s with a combined area of 13,314 square feet. The R3-2 zoning offers a blank slate for your visionary project. The building is almost RTI for 29 units with a total of 40,000 sq. ft. And 53 parking spaces. Renderings of proposed building found in pictures. Alternatively, a feasibility report has been done for affordable housing comfortably fitting 144 units. Whether you envision building 29-unit luxury condo residences or building affordable housing, the potential is immense! Sold together with 544 S Wilton Pl, this prime location is your chance to create something extraordinary in one of LA’s most vibrant neighborhoods. Don’t let this opportunity pass you by!

Property Details

Price:
$2,999,999
MLS #:
24-463865
Status:
Active
Baths:
0
Address:
550 S Wilton Pl
Type:
Land
Neighborhood:
hancockparkwilshire
City:
Los Angeles
Listed Date:
Nov 14, 2024
State:
CA
Lot Size:
7,247 sqft / 0.17 acres (approx)
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