Mid-Wilshire (C17) Land for Sale

Mid-Wilshire (C17) Land for Sale

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Newest Mid-Wilshire (C17) Land for Sale

$8,000,000
AR26169606 MLS Active Status
Exceptional RTI (Ready-to-Issue) development opportunity at 408–414 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, superior product design, and immediate development readiness, offering developers an exceptional opportunity to deliver a highly competitive multifamily project with strong long-term investment potential.

408 S Oxford, Los Angeles

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.