182 S Virgil AVE, Los Angeles, CA 90004
182 S Virgil AVE, Los Angeles, CA 90004
182 S Virgil AVE, Los Angeles, CA 90004
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Lucio Real Estate Group

Lucio Real Estate Group

+1(805) 512-0065
$1,100,000
Est. payment /mo
6,952 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26645983

HOA Y/N No

Lot Size 6,952 Sqft

Property Description

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 high-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.

Location

State CA

County Los Angeles

Area C17 - Mid-Wilshire

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5501017023

Special Listing Condition Standard

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CRMLS Full IDX Feed (MAIN Website Search)
Listed by Nicole Contreras Christie's International Real Estate SoCal #01512844

Nearby Locations

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Lucio Real Estate Group
Lucio Real Estate Group

Broker Associate | License ID: 01893011

+1(805) 512-0065

www.LucioRealEstate.com

1000 Town Center Dr #300, Oxnard, CA 93036, USA

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182 S Virgil AVE

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