Pending

734 S Manhattan Place

Los Angeles, CA 90005
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SqFt15,004

Sqft(Lot)

***BANK OWNED SALE*** 64 UNITS RTI Plans - We are excited to offer 734 S. Manhattan Place, a 15,000-square-foot TOC Tier 3 vacant lot zoned R4-2 in the heart of Koreatown. This prime development opportunity offers various possibilities, including the option to immediately begin construction on a fully approved 64-unit, seven-story project, or to explore a new design for an ED1 100% affordable housing project.The current owner has full approvals to build a 60 unit + 4 ADUs RTI (Ready-to -Issue) development. The seven-story proposed project will encompass approximately 61,639 square feet in total building area. Of the 64 units proposed, 24 will be studio units, 30 will be three-bedroom units, 6 will be four-bedroom units and 4 will be ADUs. 6 of the 64 total units will need to be dedicated to extremely low income affordable units. The plans include 33 automobile parking spaces, 49 long-term bicycle spaces and 12 short-term parking spaces. Designed with modern living in mind, each unit will appeal to a wide range of tenants, ensuring high occupancy rates and steady cash flow. Property is currently fully vacant, so no tenant relocations required. Located just two blocks from the Wilshire/Western intersection, this property offers easy access to the vibrant amenities of Koreatown and within short driving distance of Downtown LA, Hollywood, Los Feliz, Silver Lake, and Hancock Park.

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Detail Ic Property Details

Property Type : Land

Price : $2,900,000

AD Id : 76678425

MLS Id : 26672299

Lot Size : 15,004 Sqft(Lot)

County : Los Angeles

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  • Lot Information

    Main Square Feet: 15004 Lot Size Acres: 0.3444 Lot Size Square Feet: 15,004

  • Listing Price Information

    Listing Price: $2900000
    Original Price: $3300000
    Cash

  • Tax Information

    Parcel Number: 5093004069

  • Location Information

    Direction: North from 10 Freeway on Western, Cross-strees are Western & 8th St.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2743 W 8th Street, Los Angeles, CA, 90005 $2,100,000 -- -- -- 12,539 Sqft(Lot)
752 S Harvard Boulevard, Los Angeles, CA, 90005 $1,750,000 -- -- -- 6,728 Sqft(Lot)

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ByOwner last updated this listing 08/20/2026 @ 23:12

MLS: 26672299 LISTED BY: Don Favia, Realty Investment Advisors, Inc. SOURCE: CRMLS

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