About 1606 Menlo
Development Opportunity 7300 SF CM-1 Zoned Lot Near Koreatown & Downtown LA! Incredible development opportunity located just south of Koreatown and west of Downtown Los Angeles. This 7,300 SF lot is zoned LA CM-1, allowing for R3 development potential. Situated near the high-visibility intersection of Vermont Ave & Venice Blvd, the property offers excellent exposure for future leasing signage and convenient access to major hubs including Koreatown, Downtown LA, USC, and the Vermont Ave exit. Key Features: Zoning: LA CM-1 (R3 development potential) Lot Size: 7,300 SF Location: Near Vermont/Venice intersection High rental demand area Easy access to 10 Freeway, Downtown, Koreatown, and USC Existing architectural plans by Sammi Trabizi for a 5-story, 38-unit apartment building (available upon request) Koreatown continues to be one of LAs most rapidly evolving neighborhoods, making this a prime location for multifamily investment or new construction. Do not miss this rare opportunity to develop in a high-demand rental market. Buyer to verify all zoning and development possibilities with the city.
Features of 1606 Menlo
| MLS® # | SR25066561 |
|---|---|
| Price | $1,599,999 |
| Acres | 0.17 |
| Type | Land |
| Sub-Type | Lots/Land |
| Status | Active |
Community Information
| Address | 1606 Menlo |
|---|---|
| Area | LOS ANGELES (90006) |
| City | Los Angeles |
| County | Los Angeles |
| State | CA |
| Zip Code | 90006 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | Yes |
Interior
| Fireplace | Yes |
|---|
Exterior
| Lot Description | Sidewalks |
|---|
Additional Information
| Date Listed | March 26th, 2025 |
|---|---|
| Days on Market | 162 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Calabasas |
|---|