1606 Menlo, Los Angeles CA 90006 | $1,599,999

Development Opportunity 7300 SF CM-1 Zoned Lot Near Koreatown & Downtown LA! Incredible development opportunity located just south of Koreatown and west of Downtown Los Angeles. This 7,300 SF lot is zoned LA CM-1, allowing for R3 development potential. Situated near the high-visibility intersection of Vermont Ave & Venice Blvd, the property offers excellent exposure for future leasing signage and convenient access to major hubs including Koreatown, Downtown LA, USC, and the Vermont Ave exit. Key Features: Zoning: LA CM-1 (R3 development potential) Lot Size: 7,300 SF Location: Near Vermont/Venice intersection High rental demand area Easy access to 10 Freeway, Downtown, Koreatown, and USC Existing architectural plans by Sammi Trabizi for a 5-story, 38-unit apartment building (available upon request) Koreatown continues to be one of LAs most rapidly evolving neighborhoods, making this a prime location for multifamily investment or new construction. Do not miss this rare opportunity to develop in a high-demand rental market. Buyer to verify all zoning and development possibilities with the city.