PERMITS FULLY PAID | ED1 APPROVED | SHOVEL READY | DELIVERED VACANT | Rana Khanjani with Sync Brokerage is proud to present this Exceptional development opportunity in the heart of Koreatown. 9,024 SF R3-zoned lot with an existing vacant triplex and RTI permits fully delivered for a 46-unit ED1 project with an approved covenant in place. Permits include 2 two-bedroom units, 36 one-bedroom units, and 8 studios, totaling approximately 15,703 SF of rentable space and 20,510 SF of gross building area. No parking required, significantly reducing construction costs and timelines. Located in a high-demand, transit-accessible area near Metro lines, major employers, and vibrant dining and retail, making this an ideal project for long-term hold or build-to-sell with strong income potential and value appreciation. Renderings may not entirely reflect final plans. The OM and proforma will be delivered upon interest.
101 N Kenmore Avenue: Sold $1,340,000 · 8 bd · 8 ba · 7,680 sqft · Aug 2026 · 0.1 mi Compass | DRE #02054048 Buyer's agent: Shawn Mehrannia, Home Team Realty | DRE #01874025
211 S Berendo Street 3: Sold $395,000 · 1 bd · 1 ba · 712 sqft · Jun 2026 · 0.2 mi Real Brokerage Technologies, Inc. | DRE #01884151 Buyer's agent: Maria Skeels, Compass | DRE #02243165
147 N Berendo Street 202: Sold $715,000 · 3 bd · 2 ba · 1,410 sqft · Apr 2026 · 0.2 mi Compass | DRE #02072406 Buyer's agent: Lily Sie Sulistyowati, RE/MAX CHAMPIONS WC | DRE #01334118
251 N Kenmore Avenue: Sold $1,920,000 · 12 bd · 6 ba · 6,852 sqft · Aug 2026 · 0.3 mi Compass | DRE #00910893 Buyer's agent: Hans Chiang Chiang, Azure Waves Realty | DRE #02037013
117 S Virgil Avenue: Sold $1,250,000 · 6 bd · 4 ba · 2,011 sqft · May 2026 · 0.5 mi Mega Realty | DRE #01483086 Buyer's agent: Ananias Caro, Crest Financial & Investment | DRE #00935961
3220 W 2nd Street: Sold $1,420,000 · 8 bd · 6 ba · 7,985 sqft · Jul 2026 · 0.6 mi Marcus & Millichap | DRE #01933858 Buyer's agent: Josh Afighom, Josh Afi Group | DRE #01783784
512 N Alexandria Avenue: Sold $2,400,000 · 12 bd · 16 ba · 11,184 sqft · Jun 2026 · 0.6 mi KW Commercial Studio City | DRE #01893466 Buyer's agent: Rich Johns, KW Commercial Studio City | DRE #01432215
519 N Alexandria: Sold $1,130,000 · May 2026 · 0.6 mi Keller Williams R. E. Services | DRE #00976678 Buyer's agent: Allen Avedissian, Keller Williams R. E. Services | DRE #02168675