Koreatown Vacant Lot
For Sale
Contact for pricing
1250 Lake St, Los Angeles, CA 90006
Vacant lot in Koreatown, currently a parking lot.
Property SizeContact for details
Lot Size0.20 Acres
Days on Market189
Property Features for 1250 Lake St
General Information
Standard status
Active
Total Parking Spaces
25
Lot size
0.20 Acres
Property subtype
Land
Zoning
LAr4
Listing Agency:
Ingenious Asset Group, Inc.
(310) 207-2288
Listed By:
Vineendra Jain · License #CA DRE# 01905917
Source:
Crexi
Added: Feb 3
Changed: Aug 8
Last Checked: Aug 10 at 10:11AM
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 Ingenious Asset Group, Inc.
Investment Insights
Based on property information with market context.
Available for sale is a vacant lot, approximately 8,699 square feet, situated in the Koreatown area. The property is zoned LAR4 and is currently utilized as a 25-space parking lot serving the adjacent apartment building located at 1252 S. Lake St. This adjacent building, which is approximately 12,960 square feet on an 8,504 square foot lot and zoned LAC2, is also for sale. The apartment building contains 12 residential units and 6 commercial units; one of the commercial units will be delivered vacant at the close of escrow. The residential units are separately metered for both gas and electricity. The apartment building requires rehabilitation and updating and is being sold as is, where is, with current tenants in place. Both properties are to be sold together. The location provides convenient access to Downtown LA, Staples Center, LA Live, restaurants, major attractions, and USC.
Key Highlights
- Large vacant lot (approx. 8,699 sq. ft.) in Koreatown with LAR4 zoning, offering significant development potential.
- Opportunity to purchase in conjunction with the adjacent apartment building (1252 S. Lake St.) creating a larger development opportunity.
- High‑density zoning (LAR4) allows for a variety of residential development options.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,598
Businesses Nearby
64k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 76%
Apparel 14%
Dining 10%
Dollar Tree
Shops & Services
23,094 visits/mo
0.4 miles
Chevron
Shops & Services
11,565 visits/mo
0.3 miles
Bank of America
Shops & Services
9,782 visits/mo
0.5 miles
Goodwill
Apparel
8,827 visits/mo
0.4 miles
Roy's Restaurant
Dining
6,444 visits/mo
0.5 miles
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
Market
Vacancy Rate% for Retail in Los Angeles, CA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vacant lot in Koreatown, currently a parking lot.
Where is this commercial land located?
The property is located at 1250 Lake St Los Angeles, CA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Large vacant lot (approx. 8,699 sq. ft.) in Koreatown with LAR4 zoning, offering significant development potential.; Opportunity to purchase in conjunction with the adjacent apartment building (1252 S. Lake St.) creating a larger development opportunity.; High‑density zoning (LAR4) allows for a variety of residential development options.
