Strategic Multifamily Site in Koreatown
Located within the vibrant Wilshire Center / Koreatown redevelopment area
Marketing description
For registration requirements and regulations, please review here or contact Blake Batula | 916-380-7406 | [email protected].
734 S Ardmore Ave presents a compelling infill development opportunity in the heart of Koreatown’s thriving Wilshire Center redevelopment corridor. This ±6,750 SF site is ideally positioned for a multifamily project in one of Los Angeles’ most dynamic and supply-constrained rental markets. As shown in the property overview on page 2, the site features R4-2 zoning, a High Medium Residential General Plan designation, TOC Tier 4 status, Transit Priority Area location, Opportunity Zone benefits, and ED1 eligibility—offering developers a powerful combination of density potential and streamlined development appeal. The property’s prime setting just one block south of Wilshire Boulevard, surrounded by a dense urban infill environment with immediate access to dining, retail, entertainment, and transit options. This central Koreatown address places future residents in the middle of one of LA’s most vibrant, walkable, and transit-connected neighborhoods. For developers seeking a well-located multifamily land acquisition with strong market fundamentals and exceptional positioning, 734 S Ardmore Ave, Los Angeles, CA stands out as a rare opportunity to create new housing in a high-demand corridor.
- Non-Contingent
- Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
- Marketing Fee: 5% of the Winning Bid Amount, $20,000 minimum
- $10,000 Participation Deposit
734 S Ardmore Ave, Los Angeles, CA 90005
Investment highlights
- APN: 5094-003-007
- Zoning: R4-2
- Lot Size: ±6,750 SF
- General Plan: High Medium
- Residential
- TOC: Tier 4
- Transit Priority Area
- Opportunity Zone
- ED1 Eligible Site
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