Active

182 S Virgil Avenue

Los Angeles, CA 90004
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SqFt6,952

Sqft(Lot)

182 & 186 S Virgil Ave present a rare LAR3 / TOC Tier 3 development opportunity in a prime infill Los Angeles location. The offering consists of two contiguous parcels preferably sold together ($2.2m), creating an efficient 12,638 SF site per ZIMAS. Located in the heart of Koreatown, the property sits within one of Los Angeles' most supply-constrained, high-density rental submarkets, known for strong multifamily fundamentals and durable tenant demand. The area continues to see active infill redevelopment driven by proximity to major employment centers, neighborhood-serving retail, and transit. The site benefits from TOC Tier 3 designation, allowing for density increases and reduced parking requirements, enhancing feasibility and project efficiency. Surrounding uses include mid-rise and hig h-density apartment buildings, reinforcing the site's suitability for multifamily development and supporting long-term rental demand. This offering is well suited for by-right multifamily development, TOC density bonus execution, or other qualifying housing strategies, subject to buyer verification. Vacant land with no in-place income, offering a clean development path in an established urban location. Buyer to independently verify all zoning, unit counts, TOC incentives, parking requirements, utilities, and development assumptions.

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Detail Ic Property Details

Property Type : Land

Price : $1,100,000

AD Id : 75172969

MLS Id : 26645983

Lot Size : 6,952 Sqft(Lot)

County : Los Angeles

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Feature Features

  • Bathroom Information

    Total Baths: 0 Full Baths: 0 Half Baths: 0

  • Lot Details

    Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1596
  • Lot Size Source: Other Lot Size Square Feet: 6952

  • Listing Price Information

    Original List Price: 1,100,000 Listing Contract Date: 2026-02-09
  • Lease Information

    Listing Agreement: Seller Reserved

  • Tax Information

    Parcel Number: 5501017023

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C17 - Mid-Wilshire Postal Code Plus 4: 6010 Directions: Located on S Virgil Ave between W 1st St and Beverly Blvd Zoning: LAR3 Source Property Type: Land Area: C17 - Mid-Wilshire
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
439 N Commonwealth Avenue, Los Angeles, CA, 90004 $900,000 -- -- -- 7,506 Sqft(Lot)
339 N Virgil Avenue, Los Angeles, CA, 90004 $2,120,000 -- -- -- 6,839 Sqft(Lot)
186 S Virgil Avenue, Los Angeles, CA, 90004 $1,100,000 -- -- -- 6,812 Sqft(Lot)
144 S Catalina, Los Angeles, CA, 90004 $1,895,000 -- -- -- 9,024 Sqft(Lot)
240 S Normandie Avenue, Los Angeles, CA, 90004 $2,399,000 -- -- -- 9,004 Sqft(Lot)

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ByOwner last updated this listing 06/15/2026 @ 00:29

MLS: 26645983 LISTED BY: Nicole Contreras, Christie's International Real Estate SoCal 424-249-7162 SOURCE: CRMLS

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