Active

Land

Los Angeles, CA 90057
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SqFt11,825

Sqft(Lot)

The subject site at 521-525 S. Carondelet St. is a vacant rectangular 2-lot development site located in the Mid-Wilshire/Lafayette Park area on the eastern edge of Koreatown. Zoning designation is LAR4-1 with a Tier 3 TOC status for increased density, FAR and reduced parking. The immediate area is one of the most investment rich locations in all of Los Angeles with new developments like the 644-unit Kurve on Wilshire (completed by Greystar in 2021) and historic trophy apartments like the Wilshire Royale, the Asbury, the Bryson and The Town House dotting the skyline. The iconic Art Deco Bullocks Wilshire historic-cultural monument is just a few blocks away from 521 S. Carondelet, purchased and repurposed by Southwestern Law School in 1994. CoStar estimates that multifamily vacancy in Koreat own is currently elevated, reflecting the delivery of nearly 3,850 new units over the past 24 months. This recent supply influx has temporarily increased availability; however, the submarket rebounded quickly after the pandemic, with rents climbing consistently since early 2021. Koreatown remains more affordable than surrounding areas such as Hollywood, Hancock Park, and Silver Lake and benefits from Mid-Wilshire's highly walkable environment and strong dining and nightlife appeal.

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Detail Ic Property Details

Property Type : Land

Price : $3,000,000

AD Id : 74902204

MLS Id : 26646443

Lot Size : 11,825 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: 0.2715
  • Lot Size Source: Other Lot Size Square Feet: 11825

  • Listing Price Information

    Original List Price: 3,000,000 Listing Contract Date: 2026-02-02
  • Lease Information

    Listing Agreement: Exclusive Right To Sell

  • Tax Information

    Parcel Number: 5155029009

  • Other Property Info

    Source Listing Status: Active Source Neighborhood: C42 - Downtown L.A. Postal Code Plus 4: 1889 Directions: Located in the Mid-Wilshire/Lafayette Park area on S. Carondelet St. Zoning: LAR4 Source Property Type: Land Area: C42 - Downtown L.A.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
744 S Carondelet Street, Los Angeles, CA, 90057 $1,100,000 -- -- -- 7,502 Sqft(Lot)

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ByOwner last updated this listing 06/09/2026 @ 13:09

MLS: 26646443 LISTED BY: Adam Peterson, CB Richard Ellis, Inc. SOURCE: CRMLS

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