James Nagorski - Coldwell Banker Commercial Real Estate Solutions Logo
$1,100,000
 $5,905 est/mo Sourced by Back At You

182 S Virgil Avenue,Los Angeles, CA 90004

Los Angeles, CA 90004

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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.

Details

MLS #26645983
Listing TypeFor Sale
Sub-TypeResale
StatusActive Under Contract
Days On Site247
Listing Provided ByChristie's International Real Estate SoCal | Nicole Contreras

Features

ZoningLAR3
Acreage0.16
Property ViewNone

Area Information

StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90004
AreaC17 Mid Wilshire
Listing VS Median (in 90004)
Price:
$1,100,000
low | high
Med:
$1,912,500
23.863636363636% of Average
On site:
247
low | high
Med:
19.5
100% of Average
Sourced by Back At You

Market Activity 90004

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Learn More About This Property

James Nagorski

James Nagorski

Coldwell Banker Commercial

02248064 (805) 538-3393james.nagorski@cbcinland.com
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90004
AreaC17 Mid Wilshire
Listing VS Median (in 90004)
Price:
$1,100,000
low | high
Med:
$1,912,500
23.863636363636% of Average
On site:
247
low | high
Med:
19.5
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $825K - $1.375M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
186 S Virgil Avenue Property Photo 1
$1,100,000
186 S Virgil Avenue
Los Angeles, CA 90004
Listing Updated: September 2, 2026 at 1:28:26 PM PDT

James Nagorski - Coldwell Banker Commercial Real Estate Solutions