RTI Multifamily Development
For Sale
$4,495,000
1111 S Kenmore Avenue, Los Angeles, CA 90006
Four contiguous R3-1 parcels with RTI permits and approved plans for a modern 5-story, 45-unit apartment project.
Property Size46,259 SF
Price / SF$97.17
Days on Market83
Property Features for 1111 S Kenmore Avenue
General Information
Standard status
Active
Size
46,259 SF
Total Parking Spaces
37
Property subtype
Lots/Land
Zoning
R3-1
Additional Details
Sprinkler System
Yes
Multifamily Units
45
Building Details
Stories
5
Tenancy
Multi
Listing Agency:
Keller Williams Beverly Hills
(310) 492-3993
Listed By:
Amin Shafiei · License #02240729
(310) 492-3993
Source:
Exitrealty
Added: May 19
Changed: Aug 8
Last Checked: Jul 3 at 7:24PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Keller Williams Beverly Hills
Investment Insights
Based on property information with market context.
Shovel-ready multifamily development opportunity offered on four contiguous parcels at 1103, 1107, 1109, and 1111 S Kenmore Ave. The package includes Ready-to-Issue (RTI) permits and fully approved architectural plans for a modern 5-story, 45-unit apartment development. The project is designed with an efficient stacked construction approach and includes elevator service, a full sprinkler system, and dedicated bicycle parking. The approved scope also features 37 parking spaces, including 4 EV spaces, plus 4 future potential parking spaces.
The site is zoned R3-1 and is identified as non-rent-controlled. The property is positioned in the Koreatown area with access to Metro transportation and is described as within walking distance of shopping centers, restaurants, retail, nightlife, and major employment corridors.
For developers seeking an infill site with entitlements in place, these parcels support immediate progression toward construction under the approved plan set. The project’s parking and life-safety provisions are already incorporated into the approved design, and the zoning and RTI status provide a clear path for moving forward with permitted multifamily development. The approved unit mix includes 5 low-income units.
The site is zoned R3-1 and is identified as non-rent-controlled. The property is positioned in the Koreatown area with access to Metro transportation and is described as within walking distance of shopping centers, restaurants, retail, nightlife, and major employment corridors.
For developers seeking an infill site with entitlements in place, these parcels support immediate progression toward construction under the approved plan set. The project’s parking and life-safety provisions are already incorporated into the approved design, and the zoning and RTI status provide a clear path for moving forward with permitted multifamily development. The approved unit mix includes 5 low-income units.
Key Highlights
- Four contiguous R3‑1 parcels at 1103, 1107, 1109, and 1111 S Kenmore Ave with RTI permits and fully approved architectural plans
- Approved for a modern 5‑story, 45‑unit apartment development
- Project includes elevator service, a full sprinkler system, and efficient stacked construction design
Property Analytics
Property Profile
Current Use
Lease Details
45
Residential units
Multi-tenant
Tenancy
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
3,254
Businesses Nearby
Explore this area
Business Placement
Demographics for 90006, CA
58,229
Population
21,475
Households
2.7
Avg Household Size
36
Median Age
22%
College-Educated
63%
High-School Grad
1.9 sq mi
ZIP Area
30,647
Density / Sq Mi
$49,847
Median Household Income
$31,645
Median Earnings
$1,396
Median Rent
$841,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Four contiguous R3-1 parcels with RTI permits and approved plans for a modern 5-story, 45-unit apartment project.
Where is this residential land & home lot located?
The property is located at 1111 S Kenmore Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $4,495,000.
What are key features of this property?
This property features: Four contiguous R3‑1 parcels at 1103, 1107, 1109, and 1111 S Kenmore Ave with RTI permits and fully approved architectural plans; Approved for a modern 5‑story, 45‑unit apartment development; Project includes elevator service, a full sprinkler system, and efficient stacked construction design
