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Patricia Beattie

patricia@brivio.com +1(415) 286-8292

$8,000,000

Est. payment - /mo

0.41 Acres Lot

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID AR26169606

Lot Size 0.412 Acres

Property Sub-Type Lots/Land

Property Description

Exceptional RTI (Ready-to-Issue) development opportunity at 408414 S. Oxford Ave. (APNs: 5503-013-008 & 5503-013-009), totaling 17,930 SF of land, for a 6-story, 40-unit multifamily apartment project in one of Koreatown's most desirable residential neighborhoods. With permits ready to be issued, developers can begin construction immediately, significantly reducing entitlement time, carrying costs, and development risk. Positioned north of Wilshire Blvd., the property enjoys a highly sought-after location known for its wider streets, well-organized street grid, and attractive residential character. Directly across from a supermarket and just moments from Metro stations and public transportation, the site offers outstanding convenience and excellent connectivity throughout Los Angeles. Unlike many urban infill developments, the property is surrounded by well-maintained single-family homes, creating a rare sense of openness, enhanced privacy, abundant natural light, and an inviting residential atmosphere. The thoughtfully designed 6-story project features 40 spacious two-bedroom, two-bathroom residences, with most units offering bedrooms separated by living space rather than sharing a common wall, providing improved privacy, reduced noise transfer, and a superior living experience. The efficient architectural design incorporates a central open-air courtyard that maximizes natural light and cross-ventilation, creating bright, airy interiors and an inviting communal space for residents. This rare shovel-ready development opportunity combines a premier Koreatown location, superio

Location

State CA

County Los Angeles

Direction On S Oxford Ave, between 4th St and 5th St

Interior

Fireplace No

Exterior

View Y/N No

Others

Senior Community No

Tax ID 5503013009

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Listed by Kuangkai Kuo, DRE#01849263 In Realty Inc.

Nearby School & Business

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Patricia Beattie

+1(415) 286-8292

Broker | License ID: 01405369

Broker License ID: 01405369

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408 S Oxford Los Angeles, CA 90020

Patricia Beattie

Key Details

Location

Interior

Exterior

Others

Nearby School & Business

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