C2-Zoned Vacant Development
For Sale
$1,695,000
311 S Berendo Street, Los Angeles, CA 90020
Fully vacant, demolished parcel zoned C2 and eligible for MIIP and TOIA programs in Koreatown.
Property SizeContact for details
Lot Size0.16 Acres
Days on Market134
Property Features for 311 S Berendo Street
General Information
Standard status
Active
Lot size
0.16 Acres
Property subtype
COMMERCIAL
Zoning
C2
Listing Agency:
GAIA 213-879-9519 Overview Additional information MLS R ID 26840955 Interior features Total Bathrooms 0 Exterior features Lot Size 0.16 Acres Other property details Truth Realty | CA DRE# 01861105 Request a tour Contact agent Request a tour Contact agent Listed by H. Jason Yang CA DRE# 02044611 with GAIA 213-879-9519
Listed By:
H. Jason Yang CA DRE# 02044611 · License #02044611
Source:
Truthrealty
Added: Apr 24
Changed: Sep 3
Last Checked: Sep 4 at 1:10PM
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 GAIA 213-879-9519 Overview Additional information MLS R ID 26840955 Interior features Total Bathrooms 0 Exterior features Lot Size 0.16 Acres Other property details Truth Realty | CA DRE# 01861105 Request a tour Contact agent Request a tour Contact agent Listed by H. Jason Yang CA DRE# 02044611 with GAIA 213-879-9519
Investment Insights
Based on property information with market context.
Offered for sale, 311 S Berendo Street is a fully vacant, already-demolished raw land development site totaling 7,153 SF. The parcel is zoned C2, providing flexibility for a range of residential and mixed-use concepts. Property is listed as under MIIP and TOIA eligibility, with TOIA 2 referenced for incentive alignment.
Located in the core of Koreatown in Los Angeles, the site is described as strategically positioned within a transit-oriented rental market. The property is noted as just minutes from the Wilshire/Vermont Metro Station, and within a designated Transit-Oriented Incentive Area (TOIA 2).
With no tenant relocation and no demolition or clearance costs identified as part of the presenting remarks, the site eliminates two common development hurdles. The C2 zoning is presented as supporting multiple development execution strategies, including MIIP-driven multifamily and mixed-income housing, for-sale product concepts such as small lot subdivisions or stacked flat configurations, and low-rise residential formats including duplex or double duplex plans.
Located in the core of Koreatown in Los Angeles, the site is described as strategically positioned within a transit-oriented rental market. The property is noted as just minutes from the Wilshire/Vermont Metro Station, and within a designated Transit-Oriented Incentive Area (TOIA 2).
With no tenant relocation and no demolition or clearance costs identified as part of the presenting remarks, the site eliminates two common development hurdles. The C2 zoning is presented as supporting multiple development execution strategies, including MIIP-driven multifamily and mixed-income housing, for-sale product concepts such as small lot subdivisions or stacked flat configurations, and low-rise residential formats including duplex or double duplex plans.
Key Highlights
- Fully vacant, unentitled raw land site at 311 S Berendo Street in Koreatown—already demolished.
- 7,153 SF parcel zoned C2, supporting a range of residential and mixed‑use development concepts.
- MIIP and TOIA eligibility: located in a designated Transit‑Oriented Incentive Area (TOIA 2).
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,470
Businesses Nearby
Explore this area
Business Placement
Demographics for 90020, CA
38,694
Population
19,119
Households
2
Avg Household Size
37
Median Age
46%
College-Educated
84%
High-School Grad
1.1 sq mi
ZIP Area
35,176
Density / Sq Mi
$55,832
Median Household Income
$37,718
Median Earnings
$1,734
Median Rent
$826,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Fully vacant, demolished parcel zoned C2 and eligible for MIIP and TOIA programs in Koreatown.
Where is this commercial land located?
The property is located at 311 S Berendo Street Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,695,000.
What are key features of this property?
This property features: Fully vacant, unentitled raw land site at 311 S Berendo Street in Koreatown—already demolished.; 7,153 SF parcel zoned C2, supporting a range of residential and mixed‑use development concepts.; MIIP and TOIA eligibility: located in a designated Transit‑Oriented Incentive Area (TOIA 2).
