Description

Prime C2-2 Commercial Zoned vacant lot (12,750sf) with max building envelope of (57,461sf) 6 floor structure, located in a highly active and densely populated area of Los Angeles, offering a compelling opportunity for developing 71 units with MIIP (Mixed Income) or 93 units with AHIP (Affordable Housing) Incentinve Programs. C2 zoning in Los Angeles permits a wide range of uses, including retail, restaurants, offices, and is often favorable for mixed-use developments (commercial on the ground floor with residential units above) in urban corridors. Strategic Location as its situated along a busy stretch of Vermont Avenue between Venice Boulevard and Washington Boulevard. This location benefits from significant vehicular and pedestrian traffic. The area is directly influenced by the vibrant Koreatown communities and offers close proximity to Downtown Los Angeles, positioning it within a dynamic urban center experiencing continuous growth and demand for both commercial and residential space in a desirable location within an active and developing corridor.

Property details

Property type

Land

Lot size

12,754 sqft

Location

1637 S Vermont Avenue • Los Angeles, CA 90006

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Listed by

Elijah Shin · Dream Realty & Investments Inc

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1520 S New Hampshire Avenue: Sold $780,000 · 2 bd · 1 ba · 1,038 sqft · May 2026 · 0.1 mi
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Closed sales reported in 90006, nearest first, last 12 months. All recent sales in Los Angeles →

Land - 1637 S Vermont Avenue, Los Angeles, CA