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64 UNITS | RTI PLANS | KOREATOWN
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For Sale
  • Summary
  • Location
  • Amenities

Realty Investment Advisors is 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.

  • Prime Koreatown Location
  • Delivered with RTI plans for 64 unit building
  • 15,000 Square Foot Vacant Lot
  • TOC Tier 3 and R4-2 Zoning
  • Option to pursue ED1 100% affordable housing project.
  • Minutes from Koreatown shops, restaurants, and public transportation.

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