698 S Vermont Ave Los Angeles, CA 90005

The property consists of an existing 16,451-square-foot retail center on a 0.6-acre trophy lot. The center is currently fully operational and features 14 tenants on NNN leases, supported by a 605-square-foot building management office. The asset is presented as a redevelopment platform with an emphasis on unlimited-height development opportunity under the existing entitlement framework described in the offering.

The site is located at the signalized northeast corner of Vermont Avenue and 7th Street in Los Angeles. It is positioned in the heart of Koreatown and is described as being one block south of the Wilshire Center corridor, directly across from the Bank of Hope high-rise.

From a development standpoint, the property is marketed with C2-2 zoning and a described 6:1 Floor Area Ratio (FAR). The offering notes residential density defaulting to R4, and it outlines a by-right development approach with flexibility for uses such as premier retail, multi-family luxury apartments, corporate offices, or a flagship mixed-use high-rise. For buyers or operators seeking an existing income-producing retail asset while pursuing a higher-and-better development plan, this site combines an operating tenant base with redevelopment upside supported by the zoning parameters stated in the materials.