Miles at Vermont
FULLY ENTITLED RTI 210 UNIT PARCEL
Marketing description
Fully Entitled to build 210 Units compromising of 40 Studios and 40 Pods ( Micro-Units).
Situated on a densely trafficked segment of South Vermont Avenue in the heart of Koreatown, this ±18,924-square-foot commercial land parcel in Los Angeles’ Wilshire Community Plan area is zoned C2 (General Commercial). The site boasts excellent visibility and frontage on a major north-south thoroughfare with proximity to high-frequency transit, including the Wilshire/Vermont Metro Station, and strong surrounding residential and employment density, making it well-suited for redevelopment, infill commercial investment or owner-user occupancy.
With its substantial lot size and commercial zoning, the property supports flexible site planning and development opportunities under Los Angeles’ zoning code, including potential mixed-use or Transit Oriented Communities (TOC) incentives given its location near a major transit stop. The flat, rectangular site offers direct street access, visibility to significant daily traffic flows, and strong walkability within this active Koreatown retail and professional services corridor.
Investment highlights
Available for acquisition is a 210 unit fully entitled, shovel-ready multi-family development in Koreatown, Los Angeles. Site preparation—including excavation and dewatering—has already been completed. Strategically located in one of Los Angeles’s vibrant, densely populated, and desirable submarkets, the project qualifies for Opportunity Zone tax advantages. Upon completion, the seven-story urban infill development, “MILES at Vermont,” will deliver thoughtfully designed, aspirational yet attainable housing to the community.
When complete, MILES Vermont will span seven stories (two stories of Type 1A Construction and five stories Type IIIA Construction). The building’s use program is primarily residential, with 58,354 rentable square feet. The building also features 1,500 square feet of retail space, which will serve as an added amenity for both the tenants and the neighborhood. The building will offer 53 parking spaces and 78 bike storage spaces. The common areas are designed to complement the micro-unit offering, giving tenants even more space to live and work.
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