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    946-950 Menlo Ave Los Angeles, CA 90006

    For Sale
    $6,500,000

    Land available in Koreatown for development.

    Property size:
    19,166 SF
    Lot size:
    0.44 Acres

    Property Features for 946-950 Menlo Ave

    General Information

    Size
    19,166 SF
    Lot size
    0.44 Acres

    Source: Top Properties Corporation Agent Michael Chang

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Koreatown Land Development Opportunity

    This property offers approximately 19,166 square feet of land, presenting an excellent development opportunity in Koreatown, Los Angeles. The location is near Vermont and Olympic. The property is zoned for Tier 4, allowing for 87 housing units.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.29021
    Latitude
    34.05421

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    FAQs

    What type of property is this?
    Land - Land available in Koreatown for development.
    Where is this land located?
    The property is located at 946-950 Menlo Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: - TOC Density Bonus Tier 4 allows **87 housing units by right**.; - Excellent development opportunity.; - ±19,166 SF of land.
    (323) 235-5050
    Request Owner's contact information
    946-950 Menlo Ave Los Angeles, CA 90006
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    946-950 Menlo Ave Los Angeles, CA 90006
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