Location! Location! Location! Gorgeous high-rise condo in the prime location of Mid-Wilshire/Koreatown, Los Angeles. This North facing unit has an airy floor plan, two master suites, a spacious balcony, and two entrances to the unit. Recently painted and well maintained, it comes with all necessary appliances, including a brand new range/oven. Enjoy the state of the art amenities of rooftop pool and gym, round-the-clock security, onsite property management, guest parking, and more. Close to the Metro Red Line, fly 10, shops, dining, and entertainment, it's the epitome of urban living. (Some pictures have been virtually staged)
We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don't they build something there?! Well, now is your chance! The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density! Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing. The property is subject to the Park Mile Specific Plan. Build 55+/- Units by Right with AB2334, or up to 110+/- Units by Density Bonus! Go with a strictly 100% Affordable Housing Project to maximize density. The location qualifies for SAFMR Tier 2 rents. Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take future tenants towards Westwood, as it now already takes them to Downtown. AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants. No tenants, no Ellis, no RSO, the property is ready for it's next role in life, and ready to become the go-to spot for all different tenant types out there!
Luxury condominium in Koreatown. 1 bedroom 1 bathroom. Parking space B2 right in front of the elevator entrance.
4950 Wilshire Blvd is a 7,861 square foot office building situated on a 25,578 square foot lot. Located in prime Miracle Mile, zoned CR(PKM)-1 Tier 3 TOC, the General Plan Land Use allows for R4/C2 density within the setbacks, height limit, and FAR constraints of the specific plan. Potential options may include renovating the existing structure or exploring alternative uses such as mixed-use developments, residential units, or commercial complexes. The existing office use presents significant tenant potential for businesses looking to establish or expand their presence in the Miracle Mile district.
The median home value in Los Angeles, CA is $912,500. This is higher than the county median home value of $796,100. The national median home value is $338,100. The average price of homes sold in Los Angeles, CA is $912,500. Approximately 33.96% of Los Angeles homes are owned, compared to 58.13% rented, while 7.92% are vacant. Los Angeles real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Los Angeles real estate agent to arrange a tour today!
Los Angeles, California 90010 has a population of 3,902,440. Los Angeles 90010 is less family-centric than the surrounding county with 28.08% of the households containing married families with children. The county average for households married with children is 30.99%.
The median household income in Los Angeles, California 90010 is $69,778. The median household income for the surrounding county is $76,367 compared to the national median of $69,021. The median age of people living in Los Angeles 90010 is 36.2 years.
The average high temperature in July is 83.6 degrees, with an average low temperature in January of 45.9 degrees. The average rainfall is approximately 15.5 inches per year, with 0 inches of snow per year.