1/2 Acre Vacant Land on Wilshire Blvd
4141 Wilshire Blvd,
Los Angeles, CA 90010
 
$7,500,000
Offering Price
22,377
Land SF
$335
Price Per SF
CR(PKM)-1
Zoning Type
0.51
Land Acres
Fee Simple
Ownership Type
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$7,500,000
Offering Price
22,377
Land SF
$335
Price Per SF
CR(PKM)-1
Zoning Type
0.51
Land Acres
Fee Simple
Ownership Type
Investment Summary
America Partner of Keller Williams Beverly Hills is pleased to present the sale 4141 Wilshire Blvd a 22,377 square foot lot located in Prime Hancock Park, zoned CR(PKM)-1 Tier 3 TOC. The general plan land use allows for 55 units by right or 84 units statewide density bonus.
Development Potential
The property is zoned General Commercial in the General Plan Land Use allowing for R4/C2 density within the setbacks, height limit, and FAR constraints of the specific plan. Potential options may include taking over the existing 74 unit plans provided by ownership or exploring new entitlements to get max density on the site.
Location Summary
Nestled in the heart of Los Angeles, Hancock is surrounded by a vibrant tapestry of neighborhoods. To the west lies the Fairfax District, renowned for its gourmet food markets and trendy eateries. To the east, the prestigious Museum Row beckons with world-class art institutions, while the bustling Mid-Wilshire area to the south offers an exciting mix of entertainment and cultural experiences. With its central location and diverse surroundings, Miracle Mile is an ideal destination for those seeking a dynamic urban lifestyle in one of LA's most coveted areas.
Transportation
Hancock Park enjoys excellent public transportation options, with bus lines along Wilshire Boulevard and the Wilshire/Western Metro station nearby. These convenient connections provide residents and visitors with easy access to various destinations within Los Angeles, promoting sustainable and hassle-free commuting.
Parks and Recreation
Hancock Park boasts several parks and recreational sites that provide opportunities for relaxation and outdoor activities. Pan Pacific Park, located within the district, offers serene green spaces, sports fields, and picnic areas. Additionally, the neighboring Hancock Park provides peaceful walking paths and the intriguing La Brea Tar Pits
Retail and Commercial
Wilshire Boulevard, the district's main thoroughfare, is lined with a mix of high-end boutiques, trendy shops, and popular brand stores, making it a shopper's paradise. Additionally, the area is home to The Grove, an upscale outdoor shopping center with a wide selection of fashion, dining, and entertainment choices, providing a vibrant retail experience in the heart of Miracle Mile.
FOR MORE DETAILS CONTACT
Jordan Petito
Managing Partner
(310) 734-2245
team@americapartner.com
02023714
Dalton Jackson
Vice President
(512) 468-1587
daltonjackson@kw.com
2132311
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