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$1,499,000
Est. payment /mo
8,581 Sqft Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID SR25216402
HOA Y/N No
Lot Size 8,581 Sqft
Property Description
Exceptional Development Opportunity in Prime Mid-Wilshire
957 Arapahoe Street, Los Angeles, CA 90006
Rare offering of vacant land in the heart of Mid-Wilshire, this 8,581 square foot lot is a developer's dream. With dimensions of approximately 60.27 Ft. x 142.4 Ft., the site offers an ideal layout for a new multifamily project in one of L.A.'s highest-demand infill locations.
Zoned LAR4-1 and located in a Transit Oriented Communities (TOC) Tier 3 zone, the property qualifies for significant density bonuses and reduced parking requirements, making it an outstanding candidate for a high-yield apartment development.
Perfectly positioned just east of S. Hoover Street and minutes from the 101, 10, and 110 Freeways, 957 Arapahoe offers unbeatable accessibility to Downtown L.A., Koreatown, USC, and major transit hubs. This is an opportunity in a rapidly transforming neighborhood with strong rental demand and long-term upside.
• Vacant Land | Lot Size: 8,581 Square Feet
• Approx. Dimensions: 60.27 feet x 142.4 feet
• Zoning: LAR4-1
• TOC Tier 3 – Eligible for density bonuses
• Prime Mid-Wilshire location near Downtown L.A. and Koreatown
• Excellent freeway access (101, 10, 110)
957 Arapahoe Street, Los Angeles, CA 90006
Rare offering of vacant land in the heart of Mid-Wilshire, this 8,581 square foot lot is a developer's dream. With dimensions of approximately 60.27 Ft. x 142.4 Ft., the site offers an ideal layout for a new multifamily project in one of L.A.'s highest-demand infill locations.
Zoned LAR4-1 and located in a Transit Oriented Communities (TOC) Tier 3 zone, the property qualifies for significant density bonuses and reduced parking requirements, making it an outstanding candidate for a high-yield apartment development.
Perfectly positioned just east of S. Hoover Street and minutes from the 101, 10, and 110 Freeways, 957 Arapahoe offers unbeatable accessibility to Downtown L.A., Koreatown, USC, and major transit hubs. This is an opportunity in a rapidly transforming neighborhood with strong rental demand and long-term upside.
• Vacant Land | Lot Size: 8,581 Square Feet
• Approx. Dimensions: 60.27 feet x 142.4 feet
• Zoning: LAR4-1
• TOC Tier 3 – Eligible for density bonuses
• Prime Mid-Wilshire location near Downtown L.A. and Koreatown
• Excellent freeway access (101, 10, 110)
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning LAR4-1
Interior
Fireplace No
Exterior
Community Features Sidewalks
View Y/N No
View None
Building
Water Public
New Construction No
Others
Senior Community No
Tax ID 5076005007
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
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Listed by Reza Ghobadi Reza Ghobadi 818-793-2923
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