Koreatown Vacant Lot
1250 Lake St, Los Angeles, CA 90006
Vacant lot in Koreatown, currently a parking lot.
Type:Land
Lot size:
0.20 Acres- Added:
- Feb 3, 2026
- Days on Market:
- 98
- Last Refresh:
- Mar 17 at 1:14 pm
Property Features for 1250 Lake St
General Information
- Standard status
- Active
- Lot size
- 0.20 Acres
- Property subtype
- Land
Listing agent Vineendra Jain License #CA DRE# 01905917
Listing office Ingenious Asset Group, Inc.
Listing date Feb 3, 2026
Source Crexi
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.
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.
- Currently used as a 25‑space parking lot, providing immediate income potential.
- Prime location minutes from Downtown LA, Staples Center, LA Live, restaurants, and USC.
- Trust sale with no court confirmation required, streamlining the purchase process.
Overview
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.28354
- Latitude
- 34.0479
Nearby Similar for Sale
FAQs
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.
