Property
| Ownership: | For Sale |
|---|---|
| Bedrooms: | 2 BR |
| Bathrooms: | 1 |
| Area: | 5798 sq ft |
| Lot Size: | 0.1 Acres |
Financials
Price:$899,000
Listing Courtesy of Douglas Elliman
157 S Virgil Ave 2BR Mid Wilshire La
Description
R3-zoned development opportunity in Koreatown just south of Silver Lake. The approximately 5,798-square-foot lot offers excellent potential for a double duplex with ADUs, a 3-4 home small lot subdivision, or a multifamily apartment project utilizing one of the state's density bonus programs (Buyer to verify all zoning, development potential, and regulations). The property benefits from close proximity to Silver Lake, Koreatown, Hollywood, and Downtown Los Angeles, placing future residents within minutes of major employment centers, nightlife, dining, and entertainment. With convenient access to the Hollywood Freeway (US-101), this central location presents a compelling opportunity for developers seeking to build new housing in a high-demand rental and residential market.
Neighborhood
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All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
